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Homework 1: Evaluate the effects of globalization
The term ''globalization'' describes the increased mobility of goods, services, labor, technology, and capital throughout the world. Although globalization is not a new development, its pace has increased with the advent of new technologies that make it easier for people to travel, communicate, and do business internationally as well as with the recognition of countries around the world that open trade and investment policies were beneficial for their economic growth.
Read the following paragraph and argue for or against globalization:
'Given the economic dislocations and political challenges that arise with globalization of business, many agree that globalization has done more harm than good. They believe that governments need to be more involved in managing global market forces to restore and stabilize economic systems and protect domestic jobs. Others claim that financial crises occur regularly to correct market imbalances and that extensive government involvement impedes market growth and the benefits that globalization brings. Has globalization gone too far? Should governments enact legislation that protects domestic industries from international competition?'
Maximum 1000 words
Please must be own word
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