What Is Globalization?

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Another main point that is made in this chapter includes the globalization era. During the late twentieth century, globalization seemed to be at its peak. The world seemed to have been working together. Trade, transportation, communication, and global investment increased astronomically. This era hosted the development of the internet. The whole world was now under watch by everyone because of the technologies that countries have accomplished. Being that nothing was private, countries could not hide what they were doing anymore. Also, the global economy at this time was at its highest is has been. Bigger countries started to invest in smaller, poverty countries. This ensured positive economic development for the smaller countries which helped …show more content…

After the Cold War, the U.S gained its global dominance, the world consisted of less communistic dictators, military personnel and citizen happiness increased, and greater countries were assisting smaller countries. Without America’s dominance, I think that the world would have gone through another world war. The U.S’s help in creating agreements with the Russians helped direct a different approach. If the USSR would have won the Cold War, most countries we know today that are democratic and capitalistic would be communist. With the help of globalization, the U.S used its booming economy to help direct the world into a more positive, human friendly world. Along those lines, because countries started helping each other by investing, citizens became more content with what they lived for. To live somewhere with increasing militia brings happiness. Not having to worry about a devastating nuclear attack can boost a county’s confidence. Also, the economy was booming and people were putting more money back into their pockets. According to Martin Anderson in an article “The Reagan Boom” from New York Times, “net asset values went up more than $5 trillion between 1982 and 1989, an increase of roughly 50 percent.” It is amazing to look back and see how much the countries made. When there is a peak, there always comes something bad that is happening under all the happiness. Problems await its debut as the global economy …show more content…

CNN’s article “Pollution Is Driving Foreign Executives out of China”, by Charles Riley, concerns foreign policy, companies from around the world. They are complaining that they are “having trouble” because of the “rising concerns over intense air pollution” in China. By far, China has the worst pollution problem on the international level. Eventually, global warming will get a lot worse and there will be nothing that we can do about it. CNN states that “greater numbers” of people are complaining about the “choking air pollution, contaminated food, and water”. Some people are taking action towards reducing pollution such as the Environmental Protection Agency (EPA). Their main goal is to regulate pollution to a minimum so that operation does not become a risk factor. These actions include a proposal that will enforce reduction of coal. Their proposal states that it is “designed to cut carbon dioxide emission from existing coal plants by as much as 30 percent,” according to the Washington Post. The most difficult part of this mission would be to convince China to reduce its coal burning, as the majority of China’s development is run by coal. As for now, though, the EPA has only focused on U.S and its coal plants. By 2030, the agency seeks complete natural gas plant

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