The Effects Of Globalization On The Economic And Cultural...

Globalization is when interactions are made from trade and financial relationships amongst people, government, and companies. This is what allows the people around the globe to buy and sell the same items, even if the products weren’t from that country originally. That may seem alright, however, there are arguments between individuals who believe it has negative effects and those that see it as a positive force. Although, I believe it is positive for the United States and for the rest of the world, just take a look at the economic and cultural borders. To start with there are a few negative effects of globalization for the economic and cultural borders. Even though, trade can become successful with countless industries, it also creates losers since they can’t compete with foreign competition. For example, from Crossing Borders, in the slums in Mumbai, India people are still living in horrible conditions, while across the gulf there is the better side with individua ls that have actual jobs and live well off. The rich continue to get richer while the poor continue being poor, and nothing is going to change in the near future. Then, since companies have to compete with one another, they’ll find workers to pay less. Which leads to sweat shops, cheap labor, and loss of jobs in the country the company used to be stationed in. For the people of the U.S. that have less than a college degree, they are more at risk for losing their jobs, because why pay people more for a jobShow MoreRelatedGlobalization : What Is Globalization?871 Words   |  4 PagesWhat is Globalization? In order for my readers to fully understand the objective of this paper, I first need to make clear what globalization actually means, not just with the NFL, but to society in general. 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