“Globalization the development of an increasingly integrated global economy marked especially by free trade, free flow of capital, and the tapping of cheaper foreign labor markets,” (Merriam-webster.com/dictionary/globalization).
Identify what impacts has globalization had on American companies and how has it changed the American worker. Globalization has opened up more markets for the United States, which in effect helps American companies sell their goods worldwide. There has been a rise of multinational corporations and their influence has greatly increased. Globalization has opened up more markets for the United States, which in effect helps American companies sell their goods worldwide. There has been a rise of international corporations and their influence has greatly increased. It also allows American corporations to sell their product outside of the United States.
Give examples and descriptions of where this impact is observed today. Globalization has allowed for the ability of prices to be lower in the United States, therefore, with this, there is a drawback that many Americans have lost jobs to foreign workers who are willing to work for less and inferior conditions.
The impact of this can be observed in the car industry today. When working with General Motors, I
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Being the CEO of a large American Corporation and how I would balance the need to maximize profits through global outsourcing with the laying off of the America worker, would be ideal if my corporation is not lot losing money. It would not want to make money at the cost of our American families, communities, and country. Many companies today are making billions each year, while still expecting their employees to do more work for less. The greed to earn more money is causing American jobs to be shipped