Outsourcing to other countries has been the major cause of job loss for US workers and yet we have export totals that are higher than all other nations’. Yet it is not simple to find goods that are manufactured in the US actually being sold in the US. In today’s world it is relatively simple to witness impacts of globalization just by looking around. Basically, globalization is a term involving an intricate cycle of economic, social, technological, cultural and political changes seen as growing interdependence, assimilation and relationships grow between people and companies in different areas. Globalization is one word symbolizing so many things to different people. Some are ignorant to its causes, while some fight against the causes. Some are afraid of it, others embrace it. International Economics: Global and Ethic MarketsĬhange is something not all people can take lightly.
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