Global Ization Essays

Submitted By moeDebs
Words: 428
Pages: 2

‘The rich get richer’’ is a very popular saying and it is unfortunately true. Globalization is a process that has brought about such a saying where it is a process of increasing the connectivity and interdependence of the world's markets and businesses. This process has speeded up dramatically in the last two decades as technological advances make it easier for people to travel, communicate, and do business internationally. As a result, the gap between the have’s and the have not’s has grown and is growing larger as time progresses.

One of the aspects of globalizations is free trade. Free trade is a policy by which a government does not discriminate against imports or interfere with exports by applying tariffs ‘’to import’’ or subsidies ‘’to exports’’. People believe that free trade should be reshaped as fair trade because the main goal is not to favor workers or communities in one country over another but rather to strengthen the role of all governments in protecting worker, community, and environmental improvement over narrow corporate interests. The hard truth is that our economic system is partially blind; it carefully measures and keeps track of the value of those things most important to buyers and sellers, such as food, clothing, manufactured goods, work, and indeed money itself. But it’s a complex calculations often completely ignore the value of other things that are harder to buy and sell: fresh water and clean air. For instance, North American Free Trade Agreement (NAFTA) calls for gradual removal of tariffs and other trade barriers on most goods produced and sold. After eight years, NAFTA illustrated positive results in increased sales and jobs, increased…