Review World GDP Ranking 2015 Data and Charts. https://knoema.com/nwnfkne/world-

Question

Review World GDP Ranking 2015 Data and Charts. https://knoema.com/nwnfkne/world-gdp-ranking-2015-data-and-charts

Select three countries in each of the following categories to investigate for this paper.

•Category 1: Identify three countries that have a GDP above $3 trillion (many industrialized countries).

•Category 2: Identify three countries that have a GDP of $1–3 trillion.

Write a 2-page paper in which you address the following for each category:

•How involved have countries in each category been with globalization?

•Explain how mortality rates and morbidity rates are associated with the two categories.

Conclude with your position on the relationship between GDP and globalization.

Cite at least one reputable resource in addition to the website provided. Format your paper according to APA guidelines, and include a title and reference page.

Explanation / Answer

1. The United States, The European Union and China are three countries that have a GDP above $3 trillion. Globalization implies to the process of economic interaction among people, firms, governments of different countries. The United States has played a pioneering role in cultural globalization across the world, making it the 7th largest country with GDP nominal growth rate. It is one of the richest country, having the largest number of consumers almost 300 million with the largest population in the world make it the dominant market in the world of globalization. The United States corporations have spread across the world influencing other cultures of the countries. Food is one aspect which defines the culture of every country. For instance, American restuarants introduce the taste of fast food, Mc Donalds came with a dominant strategy to rule over in every country, not just America. Coffee is something more than just a drink in Italy, whereas in America, it is a common for people drinking it on the streets or in offices. The United States has aided China in growing economically by promoting globalization. However, currently the European Union is the one nation that exceeds the U.S. market in Size as well as in wealth. The currency of E.U., Euro has got at least 500 million citizens making it one of the most significant currencies around the world. This has been one of the greatest achievement in the history of the European Union.

2. The United Kingdom, India and Canada are three countries that have a GDP of $1–3 trillion. India's GDP has risen up to $2 trillion in 2014 according to World Bank. After being a $1 trillion country, India became a $2trillion economy in just 7 years. India has taken a step further to become the fastest growing economy after China. With the introduction of globalization in the 1989, Canada opened its trade and embraced the path of globalization. Many Canadian companies have redefined their companies into a new global dynamic environment. In the past decades, Canada has shown tremendous economic growth. U.K has also been affected by the globalization. Many migrants have entered into U.K to search for jobs. U.K education institutes have gained benefit through overseas students coming to the country for education. Many firms have grown globally in the industrial sector.

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