Question

What is globalization'? What sorts of things and ideas are becoming globalized and what are not? Is this good or bad for the US?How has it affected your life?

Answer 1

Globalisation is the connection of all the peoples all around the world for various purposes, mainly for trade. Globalisation is very helpful for the overall development of the world. People get to know new cultures, new products, latest ideas, new peoples, trendy fashion, latest technologies and much more.

Globalisation allows traders and business men to do their business all around the world. This increases competitiveness and increases quality of a product while decreasing the cost. It forces organisation to generate new ideas to remain in the market.

The things that are becoming globalised are smartphones, clothes, spices, latest machines etc. The sorts of things that are not globalised include defence weapons especially nuclear weapons because countries don't want their latest technologies in the hands of other countries.

For US, it is bad in terms of other countries able to trade in US and give strong competition to the organisations of US, the other countries are getting the money from citizens of US, they may also e getting profit by selling poor quality products at cheap prices.

On the other hand, US is also trading in other countries. US is getting To know latest technologies of the world. But US has one of the latest technologies, so US is doing more trade in other countries as compared with them.

As per me, I am very satisfied due to globalisation because as a customer I am getting cheaper priced products, new and trendy fashionable clothes and new technology.