Economic Globalization

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Globalization has been a start of a new modernized era in history. The source states that as an individual you are given prosperity, stability, and also predictability, and also points out that it helps developing countries modernize and catch up with developed countries, and also reduce poverty since new businesses are formed allowing more employment in the country due to the subsidies that wealthier countries give to them. The person who wrote this source is a pro globalist, and has probably experienced the prosperity that was given to them because of the global trading system. His perspective on globalization suggests that globalization is the key to advancing technology, good relations between countries, and is beneficial event in history. One should embrace the global economy as it creates many roads to achieve your goals in your life, and also for the weaker countries that needs support, but to a degree that the government can intervene with the market. Economic globalization has changed the perspective on life today. More low class and middle class citizens are able to have access to food and shelter, unlike the past where high class citizens almost everything, while the low class citizens are living in harsh conditions. As many people have a good life, they are able to have a chance to develop advance our technology today. For example, transnational corporation like Facebook and Skype creates real-time conversations online, which is amazing compared to the past where it would take days or even weeks to communicate with the other person when they are somewhere else. Economic stability has been a problem in our economy since the Great Depression, but as we experience them we are able to learn from it and not make the same ... ... middle of paper ... ...y to dominate others to expand their wealth and military. Globalization has changed the perspectives of countries, but it still has flaws which should be fixed by the government. Globalization has been advancing the way we live, and the way we think. Before globalization, you can only share your ideas in your local idea, but now you can do it worldwide. As more people work, more people are able to feel rich and also create new events in the history on earth. Maybe one day our technology will get to a state where we will find extraterrestrial life. For now, globalization is just a beginning for things you think is impossible to achieve. Everyone on earth is contributing to the history of it, and you should embrace the current state of it whether the outcome would be beneficial or devastating, but also to a degree where the government should still intervene with it.

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