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. |