Free Essays on Globalization Is Not Effective For The US

Globalization is not Effective for the US Globalization, according to the International Monetary Fund, is the â€Å"increasingly close international integration of markets both for goods and services and for capital† (Kegley Jr. and Wittkopf, 2004, p.267). Ten years ago, the U.S. signed the North American Free Trade Agreement (NAFTA) which eliminated trade tariffs between Mexico, the U.S., and Canada. The basis for this agreement was to stimulate the status of the economies of all three nations. Free Trade Area of the Americas (FTAA) is an extension of NAFTA to create the globe’s largest barrier-free trade zone, extending from Canada to Argentina. With the globalization of technology, anyone with a computer and the World Wide Web (WWW) can access information or buy goods from other countries in a matter of seconds. If the FTAA becomes a reality, businesses would be able to bring their products into more countries at a more affordable rate to the consumer, similar to the person on the WWW buying or selling products globally. With technology improving rapidly and becoming more and more available, globalization follows, becoming a permanent economic concept for countries and businesses to rely on. Globalization may not be a permanent phenomenon because if the U.S. continues to open its borders to free trade with many third-world partners, a U.S. dependent on imports will result. Economically, for the most part, we live in a borderless world with other democratic countries. Globalization is a negative approach for the U.S. to take economically because of the effects it has on the U.S. economy. The scenario is fairly true to the life that most blue collar Americans have been experiencing in the last ten years after the passing of NAFTA. The lives of more than eight-hundred-thousand workers have been affected NAFTA (Iuspa-Abbott, 2003, p.1). That number is of workers in the United States alone who have lost their jobs due to the ... Free Essays on Globalization Is Not Effective For The US Free Essays on Globalization Is Not Effective For The US Globalization is not Effective for the US Globalization, according to the International Monetary Fund, is the â€Å"increasingly close international integration of markets both for goods and services and for capital† (Kegley Jr. and Wittkopf, 2004, p.267). Ten years ago, the U.S. signed the North American Free Trade Agreement (NAFTA) which eliminated trade tariffs between Mexico, the U.S., and Canada. The basis for this agreement was to stimulate the status of the economies of all three nations. Free Trade Area of the Americas (FTAA) is an extension of NAFTA to create the globe’s largest barrier-free trade zone, extending from Canada to Argentina. With the globalization of technology, anyone with a computer and the World Wide Web (WWW) can access information or buy goods from other countries in a matter of seconds. If the FTAA becomes a reality, businesses would be able to bring their products into more countries at a more affordable rate to the consumer, similar to the person on the WWW buying or selling products globally. With technology improving rapidly and becoming more and more available, globalization follows, becoming a permanent economic concept for countries and businesses to rely on. Globalization may not be a permanent phenomenon because if the U.S. continues to open its borders to free trade with many third-world partners, a U.S. dependent on imports will result. Economically, for the most part, we live in a borderless world with other democratic countries. Globalization is a negative approach for the U.S. to take economically because of the effects it has on the U.S. economy. The scenario is fairly true to the life that most blue collar Americans have been experiencing in the last ten years after the passing of NAFTA. The lives of more than eight-hundred-thousand workers have been affected NAFTA (Iuspa-Abbott, 2003, p.1). That number is of workers in the United States alone who have lost their jobs due to the ...