Current world problem Research Paper Example | Topics and Well Written Essays - 500 words

sure world problem - Research Paper ExampleAccording to an index of 72 countries by A.T. Kearney small, rich, and static countries tend to be the most globalized (The Economist, 2011). Two of the most globalized areas in the world are Singapore and Hong Kong. The slew of Singapore enjoy a higher standard of living than American citizens. The article entitled ace Minute Case for Free Trade written by David Veksler discusses some of the cons of the globalization movement. Globalization has interpreted millions of jobs away from the US as companies are outsourcing their manufacturing production to developing countries that offer cheap labor and degrade overall production costs. The reason globalization helps promote efficiency in the world markets is because countries that are sincere at certain things specialize their labor. For example the Japanese are good at producing electronics, while the unify States produces a lot of pharmaceuticals. Each country has a talent they can exp loit to increase their gain domestic product. Some isolationist argue that foreigners have unfair advantanges due to lax labor or environmental regulations, industry subsidies, or restrictions on import abroad(Veksler, 2007).