Global

In the period of globalization, it is still a disputed debate of whether globalization is an advantage or disadvantage to our society. Everyday you hear it on the news, you read it in the newspaper, and you overhear people talking about it and in every single instance the word globalization seem to have a different meaning. Globalization is the process by which a business or company becomes international or starts to operate on an international level such like the rise of the so-called global economy. It can also bring the world closer through the exchange of goods and products, information, knowledge and culture. But over the years, the rate of this global integration has become much faster and dramatic because of exceptional advancements in technology, communications, science, transport and industry. Globalization say that it helps developing nations catch up to industrialized nations much faster through increased employment and technological advances. Yet, it weakens sovereignty and allows rich nations to ship domestic jobs overseas where labor is much cheaper.

The World War II, a second wave of globalization emerged, lasting from 1950 to 1980. It focused on integration between developed countries as Europe, North America, and Japan restored trade regulations through a series of joint trade liberalizations. At this time, third world countries other poor countries were being pushed aside while these three countries renovate trade regulations to restore satisfactory trading. The most recent wave of globalization, which started in 1980, was stimulated by a combination of advances in transportation and communication technologies. Can you imagine not having a cell phone or the Internet? From a student’s perspective, this era of globalization, has greatly increased and transformed our education. The advancements in technology and communication allow individuals to seek opportunities once not available. We need to be able to adapt, and adjust quickly because times are changing.

Americans’ views of international trade are complex and cannot be explained as a simple preference for free trade. Many Americans views trade as something positive and as having significant benefits for the U.S. economy. However, the majority also has major hesitation about how trade has been put into practice. Americans show strong concern that, though trade has benefited business and the wealthy, it has not benefited American workers and has widened the gap between rich and poor. Americans also show concern that trade has been harmful to the environment, to international labor standards, and to poor countries. However, if Americans’ doubts are addressed, an overwhelming majority says it would then support free trade. A majority of Americans supports having some trade barriers as a means of protecting workers from sudden job losses, even when it is weighed against the possible benefit of lower prices. Also, more popular than trade barriers are government programs that help American workers, through retraining and education, adapt to a globalizing economy.

Some Americans tend to see globalization as more positive than negative. These Americans are likely to view globalization as a process of the world becoming increasingly interconnected. It is seen not only as an economic process, but also as one in which values are becoming more oriented to a global perspective. The movement to lower trade barriers and open world trade has undoubtedly increased world growth in goods and services. It has consequently increased incomes and raised standards of living globally, which unfortunately, doesn’t mean for each individual. It is an advantage for the world because third-world countries are able to begin to develop. When factory’s open in these third