Why American generation should care about globalization
Generally, rationality should be advocated in evaluating the implication of globalization in the American economy. At one level however, globalization is skewed both to primary advantages and disadvantages based on the positive and negative impacts of the same aspect. To the positive side, globalization can be described as the vehicle through which the global economy creates a persuasive process of integration which therefore creates models of economic exchange between the various economic aspects that goes in different countries.
However, the negative impact of globalization is endowed in the conceptual framework that is created when the global integration between nations occurs bringing with it various negative implications to the integrating partners. With this in mind therefore, it would be rational to make an inquiry on why Americans should care about the concept of globalization. This could be entailed by rooting out what could be the possible negative implications of globalization to the American economy.
Rationally, our argumentative process of evaluating why the American generation should care about globalization should be viewed as synonymous to what could be the possible negative implications of globalization to the country (Tabb, 2004, 26). The formal definition of globalization accrues a scope of diversity from the perspective of different analysts. This is because of its essence to imply many aspects that run concurrently when nations come together in exchange of certain economic variables.
Generally, the term can persuasively be taken to imply the process of joining together by nations with the basic aim of exchanging their economic parameters. This could be through aspects such as technology, education, political advisories, and economic models. Despite the overwhelming emphasis attached to globalization as bringing different nations at a closer perspective, endowed with it are fundamental negative implications that may be viewed in terms of the comparative disadvantage that arises as a result of this relationship.
The positive argument for globalization is entrenched in the scope of dimensions which accrues positively as a result of the process. They include reduction in poverty across the global nations, feasibility and access in technology by different nations and increasing the scope of life expectancy for the global population. Elsewhere, it is an intrinsic tool for the promotion and reservation of the global peaces and harmony and a jargon towards which prevalence and provision of human rights and freedoms can subjectively be executed.
Despite the underlying positive command leveraged by globalization, the American population is at an obligation to evaluate the implications and concur to a persuasion towards developing remote education on its influence (Rhoads, Torres, 2006, 43). Basically, America has been at the brim of enjoying the ideals of been the global super power. Entrenched to this superiority are functional precepts such as enjoyment in the exchange and command over the global economy.
Generally, the America is alleged to loosing the ideals of comparative advantages which were endowed by its strong economic functionality that were biased in economic functions such as strong models of industrialization, comparative advantage in economic exchange between foreign imports and exports, strong ideals of technological framework that gives its pursuit in economic advancement cheaper than the rest of the world above other statutory variables.
However, the aspect of technology has come as a betrayal to the long trailing comparative advantage in the global outlay for this economy when young emerging economies are achieving strong success through models of globalization. Evidently, the world is characterized by strongly upcoming economies such as China, Japan, Australia, Canada, Europe and others (Beck, Winter, 2006, 15). Fundamentally, the basic entitlement of globalization is economic exchange through models such as economic integrations by regional trading blocks and free trading patterns.
However, the precepts of economic liberalization credited to globalization can be said as the greatest effect in the economic sovereignty command that was embraced by America in the recent past. The ties that were characterized in the process of economic exchange between this nation and the global community have seldom loosened creating spheres of comparative disadvantages. Historically, America was privileged to command the global economy in terms of exports and imports.
The existing high level of its productive resources made it to have a stronger attribute in its industrialization and economic output which led to enjoyment in strong models of economic strength through foreign exchange. However, globalization came as a betrayal of what formerly existed between this nation and the global community to create distortions in this economic exchange. The resulting implication has been spheres of global economic crises, high levels of unemployment, distortions in the framework of aggregate supply and demand within the economy and other economic inadequacies which have negatively challenged the American people.
Generally therefore, the pursuit towards acquiring knowledge about globalization by the American generation would be seeking refuge towards the fundamental impacts that come along the way when free trade and economic liberalization occurs from the feasibility support of globalization. The former control over the rest of the world that was enjoyed by the American continent has therefore been melted down by the freedom of economic exchange brought by globalization (Larsson, 2001, 23).
The underlying idea about globalization was the primary concept of technological development and advancement that resulted into great research and pursuit of technological authenticity by the global community. However, the short run spread of technology was a persuasive motive towards strong influence in the interrelationship between the American continent and the external world. The implication of technology came as a refuge to the process of business management, E-commerce, global communication, and efficiency and effectiveness in undertaking various activities in the world.
The current state of technology has generally created a reservation in the process of economic growth and development in the contemporary global community. Despite the overwhelming positive implication of the state of technology to the American continent, an argumentation can be developed on the negative implications that results from its implications (Larsson, 2001, 30). Firstly, the country is experiencing a comparative disadvantage from what it enjoyed formerly as the technological commander across the world.
Technology has led to massive support and development of other nations that created an inward economic rationality to the country through trade obligations. Technological advancement through globalization has leveraged America at a comparative disadvantage when it losses economic gains from its trading partners that achieve their economic sovereignty through technology. For example, strong trading partners such as Canada, China, Britain and others who used to source many products from American are now enjoying their own models of economic sovereignty through support systems of industrialization and economic framework.
The process of technological advancement through spheres of globalization has enabled the ease of global trade and liberalization that has led to capital outflow from the America and lowered levels of strength in its command on economic productivity from the global perspective. The consequences of technology in the long run within the American continent has therefore been attributes such as higher levels of unemployment, lowered international trade and foreign exchange, capital outflows in the search of economically competitive regimes and other fundamental outlays.
Consequently, America has been on the footage of comprised state of functionality, feasibility and strength in its general outlay of living standards (Makarenko, 2001, 28). Evidently, globalization is a key variable in support of high levels of unemployment within the country. This does not only result from technological advancements and instabilities in international trade benefits resulting from trade liberalizations but also from the fundamental generalizations of the employment market within this country.
At one level, globalization has been the implement for fastening e-commerce, models of outsourcing and development in multi-national corporations that have a negative trade-off to the American economy. Generally, the growing concern of e-commerce and pursuit of technological advancement has led to ease of technological and human capital outsourcing in demand for cheaper labor productivity for the organizations.
The liberalization brought by globalization has done a refuge towards this process which has therefore led to negative impact in terms of low state of employment in the country (Bhagwati, 2004, 11). As of necessity, globalization can be described as the channel which supports and increases the state of criminology, compromise in the precepts of the fundamental rights and freedoms of the people and above all, the channel for the inversion of state insecurity in the country.
The ease of command and exchange of factors between America and the global community has resulted in such predicaments. Notably, America is also losing the ties and vulnerabilities of control over many countries which it used to enjoy before the evolution of globalization. State sovereignty has demanded many countries that were under control of America to be set free from the entangles of command and control. From an economic point of view, such nations brought economic benefits to America which has now been eroded following the loss in this control (Tabb, 2004, 39).
Summarily therefore, an invitation towards developing knowledge on the impacts of globalization to the American generation would be a foremost score that reserves the pursuit towards promoting its state of strong functionality. When the people are enlightened with the possible negative impacts paused by globalization, they would therefore be at stake to create modalities that help to govern the preferential inadequacies brought by the problem.
Persuasive education on the impacts of globalization would therefore be a model with which the people can change their modalities towards what would bring amnesty in reconfiguring towards the state sovereignty and stronger command in aspects like lower unemployment, insecurity, foreign exchange and its implications above others aspects. Work Cited Beck Ulrich & Winter Rainer. Global America? The Cultural Consequences of Globalization. Liverpool, Liverpool University Press, 2003, pp. 15 Bhagwati Jagdish. In Defense of Globalization.
Oxford, Oxford University Press, 2004, 11 Larsson Tomas. The Race to the Top: The Real Story of Globalization. Cato Institute, 2001, pp. 23, 30 Makarenko Tamara. The Ends of Globalization: Bringing Society Back In. International Journal of Comparative Sociology, Vol. 62, 2001, pp. 28 Rhoads Robert & Torres Carlos. The University, State, and Market: The Political Economy of Globalization in the Americas. New York, Stanford University Press, 2006, pp. 43 Tabb William. Economic Governance in the Age of Globalization. Columbia, Columbia University Press, 2004, pp. 26, 39Sample Essay of RushEssay.com