Homework Help

Assess the significance of globalization in the 1990s.

user profile pic

isoohoo | (Level 1) Honors

Posted February 15, 2012 at 12:27 AM via web

dislike 1 like

Assess the significance of globalization in the 1990s.

1 Answer | Add Yours

user profile pic

pohnpei397 | College Teacher | (Level 3) Distinguished Educator

Posted February 15, 2012 at 12:32 AM (Answer #1)

dislike 2 like

Globalization was one of the most important processes in 1990s, though it had not reached the level that it has now reached with the greater increase in internet use since the turn of the century.

Even in the '90s, however, globalization was a very important process.  The globalization of trade had already started to have major impacts on countries both rich and poor.  For example, globalization had already started to eat away at the number of manufacturing jobs in the United States.  US workers were being undercut by workers in lower-wage countries.  At the same time, globalization was hurting farmers in poorer countries.  Farmers in Jamaica, for example, were being undercut by the lower prices of American products that were grown in the much more efficient farms of the United States.

Globalization in the '90s, then, brought low prices to consumers but had negative effects on producers in certain sectors of various countries.

Join to answer this question

Join a community of thousands of dedicated teachers and students.

Join eNotes