Globalization and Exploitation in the Name of Free Trade
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By examining information pertaining to recent economic history and policies, this paper analyzes economic globalization and the dangers of exploitation it imposes . The paper illustrates how the increasing acceleration and intensity of economic globalization in recent years has already inflicted destructive economic, political, social and cultural consequences upon millions of people around the world. The paper argues that the ultimate result of globalization will be an entrenched global economy that further empowers and enriches the interconnected economic and political establishment in every country and further impoverishes the powerless and the poor.
From the Paper:"The ongoing pattern of economic globalization first emerged in the early 1970s, although its origins lie in the Bretton Woods Agreement of 1944 and the immediate post-World War II era. For more than two decades, roughly between 1945 and 1970, the combined effects of a global marketplace and the welfare state produced a golden economic era for people in almost every socioeconomic bracket in North America and Western Europe. (IMF)
"For awhile, income inequality declined and most people saw their standards of living improve as a consequence of economic growth, moderately progressive income taxes, and the expansion of income transfer programs. People living in the United States and Western Europe benefited the most from prevailing economic and trade policies, but even in the developing world, poverty and unemployment declined in the early years of globalization."
Sample of Sources Used:
- Appendini, Kirstin. Economic Integration in NAFTA and the EU. New York: St. Martin's Press, 1999.
- Barkin, David, Ortiz, Irene, and Roen, Fred. "Globalization and Resistance." NACLA, Report on the Americas, Vol. XXX (No. 4). 1997.
- Bluestone, B. "The Inequality Express." The American Prospect. Volume 20. 1994.
- Estes, R. "Trends in Social Development, 1970-1995: Development Prospects For a New Century." Journal of Developing Societies. Volume 14. No. 1. 1998.
- "Globalization: Threat or Opportunity?" IMF. Online. Available: http://www.imf. org/external/np/exr/ib/2000/041200.htm#V. 5 March 2007.
Cite this Argumentative Essay:
Globalization and Exploitation in the Name of Free Trade (2008, March 21) Retrieved January 27, 2021, from https://www.academon.com/argumentative-essay/globalization-and-exploitation-in-the-name-of-free-trade-102288/
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