The increasing linkages of economies worldwide as a result of increased transnat
ID: 1142467 • Letter: T
Question
The increasing linkages of economies worldwide as a result of increased transnational flows in goods, capital, and people is generally referred to as globalizatiorn 1. How would you assess if globalization has been a positive development overal? 2 Find an academic journal article that offers a critique of some aspects of globalization, and post the link with your discussion. Do you find the author's argument compelling to either side? Why or why not? 3 Personal reflection: How has globalization helped you and how do you think it will help you in the future?Explanation / Answer
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Answer 1.
Globalization has defiantly been the positive development in the US economy and for worldwide as whole. Globalization has opened up markets for all the countries in the world to export and import products from each other.The transition of goods, capital and labor has increased and resulted in very positive manner, now countries can export and import goods as per there requirement and direct foreign investment and benefit them. And globalization has opened opportunities for all professional people because now they can work in any part of the world wherever they can benefit and use their skills to the best. Globalization has been a positive effect on economy as it helped in doing business with all over the world and helped them grow overall. Globalization is a need of today’s economy. We cannot survive without globalization because since increase in overall transition of goods, capital and labor worldwide has benefited all the countries and their people and which in turn has resulted in economic growth and personal growth. So, we can safely say globalization has been a positive effect in economy as an whole. The globalization is good for both developed and developing nations as developed economy will strengthen its economy and developing nation will use globalization for developing their economy, increasing their market and business.
Answer 2.
At chegg we are not allowed to quote external link. So, as per various articles and few specifics one we can say that globalization is more of a positive effect than a negative. And mostly every article emphasizes on this only that globalization has been a positive effect on world economy. It has always helped in developing and growing. Globalization has more of positive effect than negative because of following reasons-
Thus we can say there is more emphasis on positive sides of globalization than the negative side.
Answer 3.
Yes, globalization has helped me in various ways. Globalization has helped in opening more opportunities for everyone.. Globalization has given me freedom to do and pursue whatever my interest is. Because of globalization we can go to any part of world and use our skills to the best. Globalization has made available to us better technology, better products and things, which are not available in our country and many other things. Globalization has a positive effect overall. Globalization has made our life easy because now we have access to all king of things. It has helped us in making us available goods at best price. There is so much competition in the market that we are able to buy best product at best price. Globalization has encouraged technology development due to which we are able to use technology and this has made life easy for everyone.
Globalization will help me in future also because of global market I can us my skills to the best. I can go work in the country where my skills are best used. Now its not restricted to one specific place. Globalization will open more doors of opportunities for me future in respect of job. Thus it can be said globalization has helped and will help in future as well.
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