Question

Paragraph One- Introduce your primary source "Chapter" (Economics of Public Issues, Miller et.al, 2014) claims....introduce the main point of the chapter and explain: Why should we care? How will this topic, issue, problem affect us? Or more to the point, who will benefit from knowing more about this issue, situation, problem. Why is this an important topic, issue, or problem? Paragraph Two Introduce the main points of your research. Make sure you give credit to at least two other sources. Highlight the points, even if there is an ongoing controversy or possible debate, make sure your information is clear and easy to understand. Do not avoid complexity, but this paragraph at least mentions the conclusions of your research. Paragraph Three Closing Statements can you restate some of the important points, you can clarify some important points, but here you make your final recommendations. This is your final summation and your final conclusions.

Answer 1

Globalization and the wealth of America is considered to be as one of the most prominent topic. Globalization leads to high degree of increased integration associated within the world market by freely trading goods, capital, technology, services, human resource, etc. in an integrated manner. Globalization is a problem because it has made the poor poorer and the rich richer within the U.S. However, globalization has resulted in low degree of manufacturing jobs. It also lead to cheaper for the European countries to purchase American goods and services and more expensive for the U.S. to purchase European products.

Globalization and the wealth of America is a major problem because there seems to be high degree of income inequality in United States. Globalization has resulted in increase in the income inequality within U.S. because of increased number of imports of manufacturing products, change in technology, etc. The key people who will benefit from knowing these problems are economists, government, businesses and employees.

It has been concluded that, globalization and wealth inequality are considered to be the key economic issues of the United States currently. Rise of globalization in the recent decade has resulted in widened disparity in wealth inequality across America.