Micro Economics Essay Number 2
Bryce Leilo
ECO211-002
Paper 2
16 February 2015
Is Globalization the Issue, or the Solution?
The question that keeps the public in a constant frenzy and the big chairs at Capitol Hill jumping is the matter of the United States and her future endeavors economically. There is one issue that has really sparked an interest in the 21st century, and that is the redeployment of jobs overseas, in other words the globalization of the United States. Now we all hold our own opinions and are entitled to just that, but regardless of where one stands on the political spectrum of things, globalization is happening, and we all have been affected by globalization for the better, or for the worse. In order to determine whether or not the United States fundamentally switch to protecting jobs, rather than to expand internationally further, both sides must be taken into account before tackling this economic issue.
With this in mind, we must ask ourselves if this is the right path for the United States to continue on, or should we re-approach it? There are many instances where individuals let their own selfish gains influence their own opinion on the matter, and try to heave their own partisan belief onto others. It is quite easy to make a statement that as the world grows, we truly have become ever more connected through new innovations and more-so the inter-web. This is why globalization is becoming more relevant than it ever has, and quite possibly ever will be. So, what is globalization and what does it entail? In a nutshell, globalization is the long-term process of changing from a somewhat or completely isolated nation, into one that is integrated (United States Trade Representative). It is not a process that just happens over night, it requires a sum of international coop in almost every aspect of life. This includes politically, economically, culturally, and even in the exchange of knowledge (Gibson). While globalization touches on almost every aspect, we as a society usually
ECO211-002
Paper 2
16 February 2015
Is Globalization the Issue, or the Solution?
The question that keeps the public in a constant frenzy and the big chairs at Capitol Hill jumping is the matter of the United States and her future endeavors economically. There is one issue that has really sparked an interest in the 21st century, and that is the redeployment of jobs overseas, in other words the globalization of the United States. Now we all hold our own opinions and are entitled to just that, but regardless of where one stands on the political spectrum of things, globalization is happening, and we all have been affected by globalization for the better, or for the worse. In order to determine whether or not the United States fundamentally switch to protecting jobs, rather than to expand internationally further, both sides must be taken into account before tackling this economic issue.
With this in mind, we must ask ourselves if this is the right path for the United States to continue on, or should we re-approach it? There are many instances where individuals let their own selfish gains influence their own opinion on the matter, and try to heave their own partisan belief onto others. It is quite easy to make a statement that as the world grows, we truly have become ever more connected through new innovations and more-so the inter-web. This is why globalization is becoming more relevant than it ever has, and quite possibly ever will be. So, what is globalization and what does it entail? In a nutshell, globalization is the long-term process of changing from a somewhat or completely isolated nation, into one that is integrated (United States Trade Representative). It is not a process that just happens over night, it requires a sum of international coop in almost every aspect of life. This includes politically, economically, culturally, and even in the exchange of knowledge (Gibson). While globalization touches on almost every aspect, we as a society usually
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