Globalization Argumentative Paper Essay

globalization is term that is being deemed as something new on this planet in the world of business. Truth be told, globalization has been going on for centuries and centuries. Business mountain done with opposite countries and regions of the world occurred and has spawned exploration and calling from the time Europeans traveled to Asia for spices, South America for divers(a) ores of metal, and Africa for diamonds. Globalization is not new, however what is new is the engineering and rapidness of communications with the information age, e-commerce, low address manufacturing, and availability of condescension. Globalization in essence has opened a broad spectrum of an interconnected and interdependent world with trade of goods, services and even capital on an planetary level. One would think that with all the war and passage of arms in the world globally, having commerce to bring countries in concert would be a positive thing. In a general sense, it does.At the heels of a glob al scotch detecty, most attention is focused on the prompt for the layman or common citizen anywhere in the world. How quarter I feed my family and reach my bills?, is the incredulity most efforts argon focused on realizing, never mind the long term fallout or result. Here in the United States, we live experient factory closures and relocations outside of the United States, layoffs, economic crises imput adapted to the stock market plummeting, high taxes for the middle class, cost of living rising, etc. It seems the country is trying to recover great financial loss without replacing jobs that have been lost domestically with higher taxes on the lot who have lost the most, the middle class. While corporations atomic number 18 busy opening up offices and factories in other countries in a bid to cut budget items costs and have better footing on Wall Street and with their global competitors.There argon many advantages to a global economy for enormous organizations and nat ions as a whole. For instance, in the United States, corporations are able to do business with businesses with countries that have a low cost of labor. Some of the companies in countries where on that point are no child labor laws, token(prenominal) wage standards, or even sweat shops, are able to secure contracts with U.S. corporations for lower prices than factories and businesses within the U.S. can provide. In addition there are tax breaks fordoing business with certain nations. This is profitable for the corporations but annihilative to the United States employees.The middle and lower class workforce on the blue collar level stick because of lack of employment. Without employment, unemployment benefit payments rise, homes are lost, healthcare is unaffordable, higher education is unattainable, and poverty and crime increases. Unless citizens are able to tap into the information age and develop businesses that take in into e-commerce and self-employment, they are doomed. Th ey cannot maintain the lifestyle they had before, they cannot afford to pay their taxes, and unless U.S. citizens can keep up the amount of taxes for two themselves and to make up the difference for the tax breaks inclined to the major corporations, the United States stands to run into larger deficit.