Increasing trade and production, in other countries, while dropping American jobs and raising demand, results in decrease in worlds economy from globalization resulting in, being a negative effect on the world's economy.

By lopezanais02
  • 1400

    Definition of Globalization

    Definition of Globalization
    In the National Geographic Organization it states, " Globalization is the connection of different parts of the world. Globalization results in the expansion of international cultural, economic, and political activities" ( National Geographic Society ). Meaning that, when people's ideas, knowledge, and goods move more easily around the world, and that is how the experiences of people around the world become more similar. Side Note : ( * * one of words)
  • 1492

    History of Globalization

    History of Globalization
    " But the impact of Columbus and da Gama on trade, factor migration and globalization was a different matter entirely. For globalization to have an impact on relative factor prices, absolute living standards and GDP per capita, domestic relative commodity prices and/or relative endowments must be altered. True, there was a world trade boom after 1492.." (Williamson 2). But trade was explained as a pro-global decline in trade barriers
  • 1492

    History of Globalization II

    History of Globalization II
    ...should have left a trail marked by falling commodity price gaps between exporting and importing trading centers, but there is absolutely no such evidence .
  • 1500

    International Example

    International Example
    "In fact, these days it’s already possible to find t-shirts with Brazilian, Indian, or Ugandan cotton, or a mixture of cottons from all around the world. But because the American government doesn’t subsidize industry in " ( John Green). So in other words, the way it does agricultural production, the actual spinning and weaving of the cotton takes place in lower wage countries, the United States has been buying other countries products to make a bigger outcome than producing. We take it all in.
  • 1500

    Domestic Example

    Domestic Example
    “This t-shirt, like most t-shirts made in the world, contains 100% American cotton. And that’s not because the U.S. makes the best cotton or the most efficient cotton…” ( John Green).This shows how in the United States some is made but we usually buy from other countries because it is cheaper. But the reason why United States makes efficient cotton is because the U.S. government subsidizes cotton production