Question

Present a positive and a negative impact of globalization on the USA economy.

Answer 1

Globalization plays a very important role. It opens a variety of options for consumers to maximize their satisfaction level.

Globalization is the businesses that takes places on International level. USA market has a strong and largest economy. Everything has two prespective one positive and one negative. So too Globalization. Now we will discuss some of the positive and negative impact of globalization on USA economy.

POSITIVE IMPACT:-

1. Free market is allowing the advancement in product selling by producers at International market/worldwide.

2.Increased Competition which leads the biggest advantage to the consumers.

3.Mixture of other culture could be seen through Globalization.

4 Globalization had led to expand of Multinational Cooperation on International market.

5.Globalization had led to the development of communication with Foreign market /global market.

6. It had allowed cheaper products with best quality at reasonable price. That is directly linked with the standard of living of Americans.

NEGATIVE IMPACT:-

1. Led the U. S. trade deficit, especially when connected to energy imports.

2. Increase in unemployment. From the data, it had been found that US had lost around 5 million manufacturing jobs.

3. Some of the harmful products flow was seen in the US market through globalization. Harmful materials were coated on different materis.