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  • Essay / Globalization of America - 944

    What is globalization? According to the definition, it is the process of international integration arising from the exchange of worldviews, products, ideas and other aspects of culture. For the United States to remain a global power, this is one of the necessary evils that must be put in place to achieve that goal. But to what extent is globalization necessary? Globalization re-emerged in the mid-1980s and has advantages, disadvantages and possible corruption. Globalization is not all bad. It is this process that has created jobs around the world and allowed businesses to grow and reach heights never imagined. It also encourages competitiveness between businesses, which reduces costs for consumers. Along with these reduced costs, there is also a wider range of product choices available. Companies such as Wal-Mart and Target engage in a constant price war to retain customers. Products made in the United States and abroad are now widely available at the touch of a button, with little to no effort. This exchange of goods opens the door to a culture that is more tolerant of each other. Additionally, other countries are helped by the creation of new opportunities due to the financial and industrial aspects of globalization. Some say that globalization began during the era of slavery, when Africans were taken and transported from their homes to different parts of the world. In the days of the first navigators, contrasting ideas and lifestyles were shared with people of different cultures. This has led to mutual respect from others all over the world. Products such as spices, potatoes and coffee were considered high-value products and contributed greatly to the beginnings of globalization. For example, spices such as a middle of paper ... an American way of life. Manufacturing skills should be taught in the classroom to prepare children from a young age for the globalized world. Foreign languages ​​should be taught alongside English to lay the foundation for today's society. Your skills make you marketable, but knowing multiple languages ​​is the icing on the cake. It is this advantage that international companies seek in their current and future employees. Gross domestic product tells us how healthy the economy is. The United States' GDP is about 25 percent, making it the world's largest economy, closely followed by China. The U.S. domestic market is large and not as exposed to trade as other large countries. In recent years, the economy has led to declining profits, which is directly reflected in stock prices. If GDP slows, investors are less likely to buy stocks and individuals are less likely to buy stocks.