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Globalization
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Posted 5 months ago I'm afraid it's here to stay. I thought it was a bad idea long ago and my instincts have proven to be insightful. Because this country has become a dumping ground for every cheap Chinese product, we've created a Chinese Godzilla. They can't stop producing! They are killing the earth and potentially themselves. They have increased the coal-fired emissions and are reversing all the good we have been trying to do with recylcing and such. Stop buying Chinese junk! Sounds good but just go into the US marketplace and try! You can't do it! Our never-ending quest for more, more, more has created a monster half a globe away and it will be the death of the human race and the planet, although I suspect the planet will recover. We will not! L.B.
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| Posted 5 months ago I think America has lost its sense of self preservation by depending on so many other countries for everything. But the positive side to that is that we have opened the doors to allies, friendship, and more global economic influence. The other end of that is, I am not sure America could survive without it ... we have been dependant on everyone else for so long.. with money, oil, and everything else. Someone thought globalization would make them rich... sure it has! But the rest of us get to suffer our now economic downfall which I believe started with globlization. In any event... In my personal Opnion I wish we could just go back to trading junk for junk lol. I hope that we will get brains in office one day and they will fix all this mess... if not the American ppl are in some pretty bad shape in the future. |
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| Posted 5 months ago "Globalization is not a phenomenon. It is not just some passing trend. Today it is an overarching international system shaping the domestic politics and foreign relations of virtually every country, and we need to understand it as such." |
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| Posted 5 months ago Globalization can be good and bad. My Dada is still the one who trades junk for junk. God Bless him and every American like him. |
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| Posted 5 months ago Great comments and good points. It certainly is both good and bad. The task is to maximize the good and eliminate or greatly reduce the bad, without hurting anyone. That is a huge task. The Chinese who are thriving, rightfully so, will not easily relinquish what they see as their prosperity. I have to adjust to the new American way of life and I'm not thrilled with that. I did not mean to suggest that everything from China was junk. That's not the case but an overstatement to empasize a point. No insult intended. |
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| Posted 5 months ago If the American companies would keep their resources in this country and the prices affordable, America would be one of the richest countries in the world. We import products from other countries such as China and India in order to save a buck by employing cheap labor within those countries and profit as much as possible. The result is cheap products, loss of jobs in the US and American families losing their income, while benefitting countries such as China & India. China in return prohibits a large number of imports from the US, yet we allow a large number of products from that country that have proven to be dangerous to the health of the American people and their children. Let's keep many of our resources within our own country, Improve quality with affordable prices and provide jobs for the American people first and foremost! |
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| Posted 5 months ago This was Ross Perot's platform in 1992 and again in 1996. The political machine, with media's cooperation, saw to it that the electorate did not have full and accurate information which offered the clear truth evidenced by today's global market, of the negative aspects of continued, unbridled globalization. Elections are nefariously manipulated to achieve results based on incomplete information for the sole purpose of maintaining the status quo of the current political system. A country cannot sustain itself without a manufacturing base. Now, we produce little and our unemployment stats reveal that there's no need for those who are willing to produce. |
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| Posted 5 months ago I've worked on both sides of the equation and think that too much is driven by pure numbers and short term gains. Many US Execs come to China offering $M in contracts to chinese manufacturers. Who in their right mind would say no. In many cases the business (work) was taken away from US employees (me included) and off shored to lower cost regions to meet continued pressure from wall street to perform. I've seen Hi Tech and CPG moved in such fashion that it is a one way move, no one ever thought about a plan B to reverse or what to do with the talent and skills we have at home that will go idle. I do not agree with everything that the EU does nor do they have the answer to everything, but they do protect their work force from such radical decisions. I remembered such a case where a company was about to send blue collar workers (welders, plumbers, electricians, etc..) to start up a facility in Germany, that hit a brick wall due to the strict labor laws and penalties that the local company would be slapped with. Again, I am not saying that EU is right, but I think US executives need to be help accountable and measured for long term impact, not just short term. This would of delayed or even averted some radical offshore sourcing decisions made in the past 5-8 years. To me globalization is a two way sword. I've had US and foreign national employees who have worked for me and it is clear that performance expectations of individuals in same jobs across continents are are normalizing. With higher skilled and educated work force in US and EU, the lower cost regional employees are feeling much pressure to bridge the gap. It will work itself out globally, but it may not be in my generation. |
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| Posted 5 months ago Difficult Topic...my main concern is the more Global we get how much Soverenty do we loose. |
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| Posted 5 months ago Globalization was inevitable. I have been living in China for last 5 years and China is only responding to their "industrial revolution", They keep providing what the US is demanding. So if Americans are concerned with this, they should buy local and know it will be more expensive. The Chinese seem to know that they are the "new America". It's hard to believe, but it could happen. Communism is losening its hold. The CCP don't just want to follow the rules of "Peristrokia" that happend to Soviet Bloc nations, because that quickly lead to the collapse of a nation and revolution. They are slowly allowing liberation in China. I imagine the leaders of China in the near future will recognize the Tibet, Xinjiang, and Taiwan issues. They have no choice. The youth of China is speaking out against such things. Okay, I kind of feel like I have gotten off topic here. But my main point was globalization is inevitable. And it is only going to expand.
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| Posted 5 months ago Globalization: It is a one world goverment, that will control every aspect that you do. The world elite has been planing this after world war two. There are many things that will happen but you must be very decerned about this. The media is controlled, the banks are getting our economy in to more debt. China, Russia, Europe will not help pay our 12 Trillion debt. A new national id will be created with a chip. It is "RFID." To learn more about that please go to you tube. Also to get a lot of information, type in one world goverment on you tube, google, yahoo, etc. I pray to God that there will be a goverment that will take care of the people and help others that are in need. That one day there will not be a single country in the world that will be in poverty. May God Bless you and your families.
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| Posted 5 months ago
Globalization is a process of interaction and integration among the people, companies, and governments of different nations, a process driven by international trade and investment and aided by information technology. This process has effects on the environment, on culture, on political systems, on economic development and prosperity, and on human physical well-being in societies around the world.
Globalization is not new, though. For thousands of years, people—and, later, corporations—have been buying from and selling to each other in lands at great distances, such as through the famed Silk Road across Central Asia that connected China and Europe during the Middle Ages. Likewise, for centuries, people and corporations have invested in enterprises in other countries. In fact, many of the features of the current wave of globalization are similar to those prevailing before the outbreak of the First World War in 1914.
But policy and technological developments of the past few decades have spurred increases in cross-border trade, investment, and migration so large that many observers believe the world has entered a qualitatively new phase in its economic development. Since 1950, for example, the volume of world trade has increased by 20 times, and from just 1997 to 1999 flows of foreign investment nearly doubled, from $468 billion to $827 billion. Distinguishing this current wave of globalization from earlier ones, author Thomas Friedman has said that today globalization is “farther, faster, cheaper, and deeper.” This current wave of globalization has been driven by policies that have opened economies domestically and internationally. In the years since the Second World War, and especially during the past two decades, many governments have adopted free-market economic systems, vastly increasing their own productive potential and creating myriad new opportunities for international trade and investment. Governments also have negotiated dramatic reductions in barriers to commerce and have established international agreements to promote trade in goods, services, and investment. Taking advantage of new opportunities in foreign markets, corporations have built foreign factories and established production and marketing arrangements with foreign partners. A defining feature of globalization, therefore, is an international industrial and financial business structure.
Technology has been the other principal driver of globalization. Advances in information technology, in particular, have dramatically transformed economic life. Information technologies have given all sorts of individual economic actors—consumers, investors, businesses—valuable new tools for identifying and pursuing economic opportunities, including faster and more informed analyses of economic trends around the world, easy transfers of assets, and collaboration with far-flung partners.
Globalization is deeply controversial, however. Proponents of globalization argue that it allows poor countries and their citizens to develop economically and raise their standards of living, while opponents of globalization claim that the creation of an unfettered international free market has benefited multinational corporations in the Western world at the expense of local enterprises, local cultures, and common people. Resistance to globalization has therefore taken shape both at a popular and at a governmental level as people and governments try to manage the flow of capital, labor, goods, and ideas that constitute the current wave of globalization.
To find the right balance between benefits and costs associated with globalization, citizens of all nations need to understand how globalization works and the policy choices facing them and their societies. Globalization tries to provide an accurate analysis of the issues and controversies regarding globalization, especially to high-school and college students, without the slogans or ideological biases generally found in discussions of the topics.
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| Posted 28 days ago My thoughts are that the world leaders must complete the finalization of a new world order. They have planned this for many years. Their must be chaos, wars, finance problems,food shortage, foreclosers, etc. They will make it a new world order and they will do what ever it takes. It is a good idea that many countries come together and help each other out because we are all brother's and sister's reguardless of what country you come from. |
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| Posted 27 days ago All I know is that small businesses need everyday working capital loans to make things and hire people again. Here in New Jersey we have three candidates running for Governor unable to solve this problem. |
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| Posted 25 days ago There is no turning back on Globalization, Our biggest problem is the cloning of technology, Our biggest enemies are not from other countries . Its corporate america that wants it cheaper. I would say to every manufacture that has sold out and left america to get cheap labor! Stay Out and dont sell your products here! Id rather purchase from a foreigner than a trader! |
