How Has Globalization Impacted Positively To America And The Whole World

Globalization involves interaction and integration among people, companies and governments of different countries and it usually encompasses the exchange of world views, products, ideas and other mutual sharing which impact positively to the global market. It was welcomed around the world at the beginning of 1990s and the benefits of free trade and market liberalization were realized despite the discontent within states such as Asia and North America in the later years. Advances in transport, telecommunications and infrastructure were the major factors in globalization which realized the growth of cultural and economic activities of different states (Sassen, 1999).

Globalization has always been the key to global markets in the world and they have impacted positively to America and the whole world. The current trend in globalization includes deflation which is an economic contagion that has created a global threat to the world economy. The current war of terror affecting

The trade surplus that was create was not effective enough in globalization and the overproduction of goods led to higher opportunity costs which is not good in the current global market. Therefore, the global market will not return to this stage since economic growth is restricted for a country with trade restrictions. Lower growth will be manifested in a country that has low-skilled labor forces hence the loss of important potential market for its finished goods (Stiglitz, 2000). In conclusion, it is very much important to know the benefits of globalization and know that mercantilism has promoted the relocation of foreign production within countries. It can be seen that these restrictions have prevented specialization and switched the capital flow very much away from activities of high