Assess The Impact Of Economic Globalization
The source is referring to the negative impact of economic globalization. Economic globalization is the increase economic integration and interdependence among national, regional and local economies across the world. This is caused by the process of importing/exporting of goods and services between countries resulting in more capital and job opportunities. The idea of economic globalization arose from many world events which shaped the economic, social and political landscapes of numerous countries. Before 1914, several European countries kept trying to expand their land to build colonies. This required raw materials and resources. The competition for goods and services led to WWI. About 15 million soldiers and civilians were killed, which
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One viewpoint would state that the ideological perspective presented in the source should be embraced minimally because the effect of economic globalization has positively contributed to the sustainability prosperity for all people. They would argue that industrialization and the increase in global trade has led to; more development of transportation and technology, peaceful relationship with other nations and improved quality of life. Another perspective suggests that we should greatly embrace the ideological perspective, as economic globalization has negatively impacted the sustainable prosperity for all people. They believed the interdependence between countries has led to; exploitation of resources by transnational companies, trade encourages subjection and slavery and the importation of illegal items. The fact is, we should moderately embrace the ideological perspective illustrated in the source. While economic globalization has contributed to sustainable prosperity for some, as it has resulted providing job opportunities to the locals. However, it has not significantly affected the sustain prosperity for all. Higher rates of production in goods and services has negatively impacted the environment affecting all people around the world and underdeveloped countries are in risk of being economic and political exploited by those who are
One viewpoint would state that the ideological perspective presented in the source should be embraced minimally because the effect of economic globalization has positively contributed to the sustainability prosperity for all people. They would argue that industrialization and the increase in global trade has led to; more development of transportation and technology, peaceful relationship with other nations and improved quality of life. Another perspective suggests that we should greatly embrace the ideological perspective, as economic globalization has negatively impacted the sustainable prosperity for all people. They believed the interdependence between countries has led to; exploitation of resources by transnational companies, trade encourages subjection and slavery and the importation of illegal items. The fact is, we should moderately embrace the ideological perspective illustrated in the source. While economic globalization has contributed to sustainable prosperity for some, as it has resulted providing job opportunities to the locals. However, it has not significantly affected the sustain prosperity for all. Higher rates of production in goods and services has negatively impacted the environment affecting all people around the world and underdeveloped countries are in risk of being economic and political exploited by those who are