Question

“How globalization affects the United States”

need a couple of paragraphs on this topic

Answer 1

Globalization has significantly impacted the United States. It has helped American companies to conduct their business all around the globe. It has aided cooperation and communication between different countries. Free trade has allowed to reduce taxes and tariff barriers. The North American Free Trade Agreement (NAFTA) eliminates many tariffs between Canada, Mexico and the United States. The American influence has spread across the world owing to globalization. Higher competition will ensure better quality of products and services. It enables labor to be outsourced at cheaper rates, thereby decreasing the cost of products which would increase the standard of living of the American people.

However, globalization also has a negative side which has also impacted the United States. A lot of American People have lost their jobs to foreigners who were willing to work at cheaper rates or in worse working conditions or both. It leads to exploitation of labor since the number of available workers far exceeds the number of available jobs. Workers end up settling for lower wages and poorer conditions as the only alternative would be unemployment. Globalization has also increased the Trade Deficit of the United States. It also tends to favor huge corporations. The richer companies find it easier to enter a foreign market. It indirectly widens the gap between the rich and the poor. Globalization also fuels interdependence. Interdependence between countries will cause regional economic fluctuations to impact the global economy as a whole. In conclusion, Globalization has its perks but it also comes with a few disadvantages.