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Globalization Essay

458 words - 2 pages

Globalization Argumentative Paper
Tie'rra Lorrine Holman
PHL 320
July 13,2015
Jose A. Rodriguez

Globalization Argumentative Paper
Globalization is defined as “the development of an increasingly integrated global economy marked especially by free trade, free flow of capital, and the tapping of cheaper foreign labor markets” (Merriam-Webster Dictionary, 2015). Globalization is not good for the developed nations. Globalization could mean a higher level of imports and a substantial gain in capital but these do not guarantee economic growth.
(1, Conclusion) “Globalization in developed nations harms the interests of the working class and the poor in healthier nations” (Mandle, 2006). (1, Premise) This is because the open product markets drive down wages. ...view middle of the document...

“Though most empirical research into the causes of the recent wage situation in the United States does not identify globalization as the major cause involved, this mechanism does have plausibility” (Bhagwati 2004; Rodrik 1997).
(3, Conclusion) The results of globalization are unfair. (3, Premise) When you look at the growth of assistance programs that benefit the individuals who have lost their jobs, these programs are lagging behind. (3, Premise) The government has not provided adequate help to those who have to bear the cost of globalization. “Thus, even as it can be maintained that, overall, globalization is wealth producing, many of those whose interests have been damaged by restructuring have not been provided with the resources necessary to allow them to become successful participants in the process” (Burtless et al. 1998).
In conclusion, globalization brings about a concern in lowering of wages, fairness, and harming the working and poor class people of developed nations. The benefits of globalization are skewed to benefit corporate interests and not the workingman in a developed nation.

Reference
Bhagwati, Jagdish. In Defense of Globalization. New York: Oxford University Press, 2004.
Burtless, Gary; Lawrence, Robert Z.; Litan, Robert E.; and Shapiro, Robert J. Globaphobia: Confronting Fears about Open Trade. Washington, DC, and New York: Brookings Institution, 1998.
Mandle, Jay R. “Globalization, Pro and Con.” History of World Trade Since 1450. Ed. John J. McCusker. Vol. 1. Detroit: Macmillan Reference USA, 2006. 320-323. Gale Virtual Reference Library. Web 10 July 2015
Merriam-Webster Dictionary. (2015). Definition of Globalization. Retrieved from
http://www.merriam-webster.com/disctionary/globalization

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