Monday, September 17, 2012

Globalization Reflection


Prior to reading the article on globalization I was pro-globalization, and after reading both sides of the argument, I am still in favor of globalization. Though I see the validity of both points of view, and I do think that there are some negative aspects of globalization I think that the positives outweigh the negatives. In the article that we read for homework, the woman who argued that globalization is good made the point that globalization is necessary for getting all that you can out of capitalism. Other countries may offer goods at a cheaper price than the US, so for that company to make the most profit it makes the most sense for them to trade and purchase globally, which is a part of globalization. Also, being able to sell products to other countries can increase how much money a business can make. I also totally agree that this might be bad for American businesses too because if companies are buying foreign made products they are obviously not buying the American made products, but I think that there are more problems that would come with economic isolationism. Also, I think if you purchase goods from other countries, especially 3rd world countries, you are helping them rebuild their economy, and I think that in the long run we would benefit from helping them build up their economy.

1 comment:

  1. I agree with all the points that you brought up. I thought it was interesting that you pointed out how selling our products in other countries increases the amount of money a business can make, but that it also can be a bad thing.

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