The Effects of Globalization

The effects of Globalization have many ways such as in the way of industrial, emergence of worldwide production markets and broader access to a range of foreign products for consumers and companies. In the way of financial are emergence of worldwide financial markets and better access to external financing for corporate, national and subnational borrowers. In the way of economic that realization of a global common market based on the freedom of exchange of goods and capital. Globalization, considered in a sociological context that has increased economic inequality throughout the world and within the United States. In the way of political is the creation of a world government that regulates the relationships among nations and guarantees the rights arising from social and economic globalization. Politically, the United States has enjoyed a position of power among the world powers in part because of its strong and wealthy economy. The influence of Globalization and with the help of The United States own economy, China has experience some tremendous growth within the past decade. If China continues to grow at the rate projected by the trends, then it is very likely that in the next twenty years, there will be a major reallocation of power among the world leaders. China will have enough wealth, industry and technology to rival the United States for the position of