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Effects Of Globalization Essay

1048 words - 4 pages

When thinking about globalization, why should that not be our alternative? Globalization, sounds like it would bring unity and full participation from all countries during global crisis. Globalization may be the most powerful form of action that the government could perform. If all the countries did come together and formed an alliance, they can have all of the country’s best entrepreneurs, politicians, economist, engineers, and scientist come together to be able to innervate or invent products and plans that we could not even imagine. Effects of globalization would be faster progression on innervations and inventions, improved strategies and methods that will enhance our economy, and open communication to all foreign countries.
One beneficial effect to globalization would be the improved quality of products due to global competition. If we had all the brain power from every country in one room coming up with designs like the next laptop or the next high end vehicle, think about the possibilities that they could come up with. “Globalization openness to innovation and creativity naturally enhances people’s abilities to proactively innovate and create. A new class of people who benefit from solely generating ideas and feeding them into institutions and projects have emerged. Concurrently the capacities of companies to grow from “ideas” have grown exponentially”(Globalization and foreign policy). The Osborne Company in the United States invented the first laptop in 1981. Otto Wichterle of Czech Republic invented the first soft lenses in 1959. What if they worked together to innervate a contact that had a microchip imbedded in the hydrophilic hydrogel, so someone could have full access to their PC from a blink of an eye. It sounds farfetched, but the products that these entrepreneurs made on their own are remarkable in itself. Think about a project where Steve Jobbs and Dr. Ferdinand Porsche were partners. Globalization can have endless possibilities to help improve our lifestyle, not with just the innovation of products, but also with economics and foreign trade.
Our economy is still fighting this recession. Jim Rogers, American economist and author, says,"2013, 2014 you should be very worried and you should prepare yourself"(Yahoo Finance). As well as the European economy. If we are both in a financial crisis, then why don’t we globalize and form a solution that can help both continents financially? “Earlier this month the International Monetary Fund (IMF) lowered its growth estimate for the global economy to 3.3% and 3.6% for 2012 and 2013 respectively”(Yahoo Finance). Why are we giving up on international connections if we never tried at those strategies? If we are in economic crisis as well as other countries, why are we all being so stubborn and not reaching out for resources that could help improve our economy and others as well? We should form one currency and one economy. It’s time to change for the better and try out other techniques,...

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