In: Economics
What is your stand on globalization in the future? And what do you think can make this exciting phenomena for all of us? (3-4 paragraphs)
| Globalization can be explained as the existence of | ||||||||
| multiple powers around the globe. | ||||||||
| In other words, when the power is dictated by the money a nation | ||||||||
| has the phenomenon is referred to as globalization. | ||||||||
| Globalization has seen the shift of power from the Americas and | ||||||||
| Europe to all different continents. | ||||||||
| The advantage of globalization is that it will help fight poverty. | ||||||||
| More people can start their own businesses as they can sell their product to various parts | ||||||||
| of the world and make money. | ||||||||
| However, globalization leads to inequality because there is no limit to | ||||||||
| profits that are made by multinational companies. In addition, globalization | ||||||||
| also gives rise to terrorism around the world. | ||||||||
| Furthermore, countries like the United States and some European nations | ||||||||
| are not happy with globalization. The United States will no longer be the most | ||||||||
| powerful country in the world. However, the Trump administration is taking steps | ||||||||
| to control the rise of China and make America great again. | ||||||||
| Globalization is considered to be a positive, since it leads to global economic | ||||||||
| growth for the future. Globalization is synonymous with global prosperity. | ||||||||
| However, wealthy nations are feeling like they are losing world power. In addition, | ||||||||
| the global threat of terrorism is a big concern for the world. | ||||||||
| Lastly, globalization leads to industrialization that leads to more pollution | ||||||||
| around the world. Pollution has lead to global warming and the world will have to | ||||||||
| counter global warming. | ||||||||