For some people, globalization is so feared it is synonymous with world destruction. In the end, for all we know, maybe this will be proven before it is over. In reality however, there are many good things that have resulted from globalization(1, Premise).
Let’s for a moment focus on the economy, even though there are many other advantages that have been brought forward that will also be discussed. Many Americans do not appreciate how efficient our markets are, in this case efficiency in reference to supply and demand is number one. These efficient markets allow economies to grow. As many have learned in a global world, when one economy grows, it spurs growth in all the other economies that are connected to it. In this way, reverberations of success are felt across the world, even when they are most profound in one area. Needless to say, this is a very good thing. This is partially a result of what I just mentioned, but wealth equality around the world goes much deeper than that. Perhaps a better phrase than wealth equality is “standard of living.”
Globalization does several things that are undeniable at the end of the day. First and foremost for one it creates jobs, which is a priority to the economic success of any market(2, Premise).
Along with job creation it improves infrastructure while it also allows more people to live at a higher global level every day. Mainly regular access to medicine, clean water, food production, housing, etc., things we take for granted here in the United States. Many if not most third world countries do not share these same day to day things we categorize as necessities. Things they would refer to as luxuries. Globalization results in partnerships between countries and organizations, which in turn could help bring these countries along in many of these areas. This also makes relations much more stable between both. Agreements are much more frequently found by partners of vast difference, and as long as these are upheld, a kind of world-cooperation is sustained. Having these relations and allies with a number of different benefits, in this case economic, provides both stability and security for countries that wish to remain peaceful and prosperous.
The Homework on Impacts of Globalization on an Economy
Globalization is a phenomenon, which demonstrates a significant growth in the overall international trade of goods, services and other financial assets as observed in an economy. Globalization also commonly refers to a situation where in one country highly interacts with other countries or economies via trade, competition or investments. In such situations any change taking place in one economy ...
Globalization allows important processes to occur and be maintained more efficiently and important ideas to become reality in an environment where they otherwise may not be. There is a certain irony involved in this however that must be mentioned. For example, globalization is going to allow the world to work together to hopefully solve our apocalyptic environmental predicament in a best case scenario. Of course however, this predicament is a result of globalization(1, Conclusion).
Still, it allows the human race to push forward, which at this point we must recognize as a necessity of our species in a time where progress of the human race is growing rapidly. In my opinion this is a progress is written in our DNA, and globalization has allowed us to accomplish truly incredible things(2, Conclusion).
Inductive Reasoning
I think one of the best examples of Inductive Reasoning I used was the explanation of how efficient markets spur the growth and expansion of economic growth and how that is tied into globalization. As stated above, “Many Americans do not appreciate how efficient our markets are, in this case efficiency in reference to supply and demand is number one. These efficient markets allow economies to grow. As many have learned in a global world, when one economy grows, it spurs growth in all the other economies that are connected to it. In this way, reverberations of success are felt across the world, even when they are most profound in one area. Needless to say, this is a very good thing.”
The Essay on Creative Story Day The World Turned Black
Creative Story: Day The World Turned Black Everyday the sun would rise and the moon would set and everybody would wake up to a new morning. Today was a special day in October, for the sun did not rise and the moon did not set and everyone woke to a full moon. During the night the sun had mysteriously vanished and this inscrutable incident enervated the most brilliant of minds. This caused aberrant ...
Deductive Reasoning
I think the best example of deductive reasoning in the essay is the list of very general examples that supports the argument that leads to the conclusion that globalization is a good thing. As stated above, “Globalization does several things that are undeniable at the end of the day. First and foremost for one it creates jobs, which is a priority to the economic success of any market(2, Premise).
Along with job creation it improves infrastructure while it also allows more people to live at a higher global level every day. Mainly regular access to medicine, clean water, food production, housing, etc., things we take for granted here in the United States. Many if not most third world countries do not share these same day to day things we categorize as necessities. Things they would refer to as luxuries. Globalization results in partnerships between countries and organizations, which in turn could help bring these countries along in many of these areas”
