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Economic globalization consists of the ability to integrate markets throughout the world for a number of purposes. ... Supporters of globalization claim that globalization can stabilize our economy and provide more money to the United States than ever before. However, those opposed to globalization claim that it is simply a way to provide power to the corporations and take it away from the people. Is globalization a positive or a negative process in today’s world? ...
Thomas Friedman of the New York Times compares globalization to the Cold War. ... Friedman states that “…unlike the Cold War system, [globalization] is not static, but a dynamic ongoing process” (Miroff 339). With this simple statement Friedman helps to illuminate the positives of globalization. ... Globalization is dynamic and powerful. ... Corporations, the government of globalization, can affect change more quickly and efficiently than can the federal government. For instance, globalization can demand the need for a large corporation in an underdeveloped country. ... Within globalization corporations become the gatekeepers and key holders of the world. They have the power to influence other countries through major corporations, which have major influence on their respective governments due to their economic donations. ... Globalization, to Friedman, is simply the embodiment of the American dream. Most importantly, globalization is the only way to sustain our economy. ... It would seem that Korten’s biggest fear about globalization is the widening of the financial gaps between the rich and the poor. ... He states that while economic benefits might be present, the individual financial inequalities that will exist far outweigh the benefits. ... Economic competition, such as that used for the globalization of goods (sweatshops etc…) can ultimately harm our world.
Approximate Word count = 1288
Approximate Pages = 5.2
(250 words per page double spaced)
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