blog




  • Essay / Economic Globalization - 952

    Globalization marked the beginning of a new modernized era in history. The source states that as an individual you benefit from prosperity, stability and predictability, and also points out that this helps developing countries modernize and catch up with developed countries, and also reduce poverty. poverty as new businesses are created, allowing more jobs in the country. because of the subsidies that richer countries give them. The person who wrote this source is a pro-globalist and likely experienced the prosperity afforded to them by the global trading system. His view on globalization suggests that globalization is the key to technological progress and good relations between countries and is a beneficial event in history. One must embrace the global economy as it creates many avenues to achieve your goals in your life, as well as for weaker countries that need support, but to an extent where the government can intervene in the market. Economic globalization has changed the perspective of life. Today. More lower- and middle-class citizens can have access to food and shelter, unlike in the past when upper-class citizens took care of almost everything, while lower-class citizens lived in harsh conditions. As many people have good lives, today they have the opportunity to develop our technology. For example, transnational corporations like Facebook and Skype are creating online conversations in real time, which is amazing compared to the past when it took days or even weeks to communicate with the other person when they were elsewhere . Economic stability has been a problem in our economy since the Great Depression, but as we experience them, we are able to learn from them and not do the same...... middle of paper .. .... dominate others to increase their wealth and their army. Globalization has changed the outlook of countries, but it still has flaws that should be corrected by the government. Globalization has advanced the way we live and the way we think. Before globalization, you could only share your ideas locally, but now you can do so globally. As more people work, more people can feel rich and create new events in the history of the planet. Perhaps one day our technology will reach a state where we will discover extraterrestrial life. For now, globalization is just the beginning for things you think are impossible to achieve. Everyone on earth contributes to its history, and you should accept its current state, whether the outcome is beneficial or devastating, but also to an extent that the government should still intervene..