Is economic globalisation beneficial to USA?

There's alot of benefits to economical globalization. One could lecture on for hours on global economics and come up with alot of examples where it is beneficial; however, alot of people overlook the fact that economic globalization has hurt the U. S in some respects.

Over the years, the country's manufacturing sector has dwindled to a small percentage of the country's GNP due to much cheaper manufacturer available in places like China. This has benefit the entrepreneurs, but at the cost of greatly driving wages down for millions within the U. S, and at the cost of hundreds of thousands of jobs.

This effect, however, isn't exclusive to blue collar workers. It's not a secret that a great deal of software engineering work is outsourced to India and China. This too drives down the wages of engineers working domestically, takes away potential domestic jobs, and drives away some great minds away from the industry.

In addition, all the exporting adds to the massive deficit that the U. S has ... more.

I cant really gove you an answer,but what I can give you is a way to a solution, that is you have to find the anglde that you relate to or peaks your interest. A good paper is one that people get drawn into because it reaches them ln some way.As for me WW11 to me, I think of the holocaust and the effect it had on the survivors, their families and those who stood by and did nothing until it was too late.

Related Questions