These effects have to be concerning me not the US.
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This is much easier than your question about the negative effects. You are helped by globalization all the time if you buy stuff.
When you buy things, they are certainly less expensive because of globalization. If all the stuff you bought were made in the United States, it would cost a great deal more. It gets to be cheaper because it is made in places where wages are lower and is then shipped over here. This is the clearest benefit of globalization for any particular individual in a rich country like the United States.
Globalization is in general good for all countries of the world.
It enables a country to freely freely engage in economic activities that it can do best, and at the same time buy at economic rates that other countries produce more economically.
In this way, globalization has the potential of making available to each country more of total goods and services as well as more variety of these goods and services.
Globalization also helps to dampen the effect of local fluctuations in production in agricultural and other goods due to natural factors such as weather and natural disasters.
Greater globalization also means that there is greater interchange of knowledge. This means that each country has a much better pool of technology to improve its productivity.
It brings an added measure of prosperity to the developing world, as their cheap labor and easy environmental policies are attractive to manufacturers wanting to relocate. In this way, the standard of living in countries that have long been poor starts to rise, which creates spinoff industries and jobs and spurs further investment.
Globalization promotes cultural understanding as more and more goods, but especially services change hands, the more interaction populations have. This promotes both understanding, but more importantly, peace.
Globalization for you means that the creativity and ingenuity that goes into the development of any product anywhere can actually benefit you in your location.
For example, if a German scientist figured out how to run cars on garbage, particularly plastic, and he did so without harming the enviorment and he made it cheap, he could sell that knowledge to a local business person in your area. Your local business person could sell it to you and all of this could happen in a matter of weeks and months, not decades or centuries.
People all over the world enjoy the benefits of globalization through sharing the best of what all nations have to offer. Communication, technology, goods, ideas...all of it changes hands and makes the world a better place for all almost instantly. However, just as the industrial revolution had negative effects, so too, does globalization. It costs people their jobs, creates more stress to be the next, best thing that will make a million, and there is unlimited opportunity for corruption and for oppression of the weak who would most likely be the cheap labor force.
With globalization the world, literally, became flat. No more letter-writing! You can access anyone at any place anytime. You can bring down the boundaries of communication by consistent connections with people. Globalization has improved communication, has made viable a myriad of new ideas and has brought people closer than ever. Surely in a time in which globalization has eased the process of communication there will be people abusing this amazing tool, but perhaps understanding the beauty of it will lead us to respect it.
Globalization benefits us all in that we have access to products or information from all over the world. In the past we were limited by geographical region or area, as the world becomes "flat" that is changing.
Some positive things of globalization is the introduction of new products and services from other countries and cultures. This goes a long way to understand an appreciateother peoples and their ways of life. This can create better relationships and better relations with other countries.
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