The Impact Of Globalization On The US Economy

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The globalization of American business hypothesis emphasizes various rapid changes in US economy in various industry. The Multinational companies focusing and investigating to reduce in the production cost and meet the requirements of the customers. In future, the value of dollar currency will go high if the currency value of Euro decreases. This could give more opportunities to American Multinational companies. The export and import of goods can fall due the government policy. The American companies are looking for the future growth in the revenue sales in the United States and China and other countries. The corporate leaders has considered developing the global economy as an engine to significantly decline the world poverty …show more content…

The pricing and employment is also very significant factor in the global business. United State Information technology has lead the World economy. Many IT employments are hired from number of countries. The American business give an opportunities to the employer to work in the United States. The Auto Manufactures like General Motors, Ford etc. are coming with innovative ideas to attract the world market. The many American business have invested in manufacturing additives in overseas market. The change in the government has led to the loss of many jobs which could impact on the economy (The impact of globalization on the US economy., 2015). Unemployment in manufacturing Industry consequently rise in trade discrepancies is the most commonly known issues that is linked in globalization (The impact of globalization on the US economy., 2015). Foreign investment has given the opportunities to build in new techniques to improve in the productivity. The competition plays an important role in the Globalization. The competition has risen in many Industrial sector. In the Automotive industries the US companies is taking to world next level due to the development of unique technology and skillful workers. The competition is growing around the automotive industry. Increase is the competition leads to productivity and effective cost to implement the new products in the world market. American business in retail industry is world leading companies like Walmart, Costco Wholesale Corporation and Kroger Company. The purchasing power has increased and has given an opportunities to effective growth to the American Business. Many corporation spend millions of dollar on the research and developments of new products. Below is

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