Global Business

Paper Summary:

This paper examines how globalization is a modern business phenomenon and how for companies to survive in today's marketplace, it is almost essential that they spread their resources overseas. It looks at how, although there are many negative aspects of globalization and how despite the loss of many American jobs on the global scale, as competition for employment reaches around the world, worldwide wages are on the rise.

From the Paper:

"Since globalization is so young it is difficult to see where it is going, or what the consequences might be. What is clear, however, is that for it to be sustainable it must be regulated. Thomas Friedman notes, "Sustainable globalization requires a stable power structure, and no country is more essential for this than the United States." (Friedman 373). Most of American history has swayed between two extremes: isolationism, and internationalism. Sporadically the United States emerges from its self-induced solitary confinement to reach its hand in the world's cookie jar. Friedman believes that for our global economy to last the United States must take the lead and "form a new twenty-first century coalition that can sustain American internationalism." (Friedman 374)."

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