Question

30 POINTS

Answer 1

Answer:

Yes it is

Explanation:

It creates a system where new innovations and inventions are spread throughout society. And the increase in globalization has made it easier for transportation and the distribution of multiple necessities in the world. One advantage is that there has been an increase access to health care. And one disadvantage is that there has been a decrease in folk cultures. Cultures based more on simplicity than the innovations of modern day.

Answer 2

Answer:

• The general complaint about globalization is that it has made the rich richer while making the non-rich poorer. “It is wonderful for managers, owners and investors, but hell on workers and nature.”

• Globalization is supposed to be about free trade where all barriers are eliminated but there are still many barriers. For instance161 countries have value added taxes (VATs) on imports which are as high as 21.6% in Europe. The U.S. does not have VAT.

• The biggest problem for developed countries is that jobs are lost and transferred to lower cost countries.” According to conservative estimates by Robert Scott of the Economic Policy Institute, granting China most favored nation status drained away 3.2 million jobs, including 2.4 million manufacturing jobs. He pegs the net losses due to our trade deficit with Japan ($78.3 billion in 2013) at 896,000 jobs, as well as an additional 682,900 jobs from the Mexico –U.S. trade-deficit run-up from 1994 through 2010.”

Explanation:

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