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Business Globalization Pro's And Con's Term Paper

And proof of this sad truth stands the increasing trade deficit, meaning that the United States basically imports more than it exports. The imports from Canada and Mexico for instance have grown by 173%, whereas exports grew at a more toned pace. Then, NAFTA also caused 900,000 Americans in high-paid manufacturing positions to lose their jobs. "We're not signing trade agreements to open new markets for our exports. Instead we're continuing to enter into outsourcing agreements with countries that cannot possibly buy our goods" (Dobbs, 2005). All in all, globalization is an extremely powerful force that can cause both wealth as well as poverty. Otherwise put, it is the force that intermediates the meeting of first and third world countries, with gains and losses for both parties.

Works Cited

Bhagwati, J., June 2004, Do Multinational Corporations Hurt Poor Countries?, Are We Being Run Over by Global Capitalism?

Dobbs, L., March 4, 2005, Free Trade at All Costs?, CNN, http://www.cnn.com/2005/U.S./03/03/cafta.push/index.htmllast...

Ast accessed on May 29, 2008

Sources used in this document:
Works Cited

Bhagwati, J., June 2004, Do Multinational Corporations Hurt Poor Countries?, Are We Being Run Over by Global Capitalism?

Dobbs, L., March 4, 2005, Free Trade at All Costs?, CNN, http://www.cnn.com/2005/U.S./03/03/cafta.push/index.htmllast accessed on May 29, 2008

Fisher, R.W., Cox, W.M., April 10, 2006, the Good in Globalization, the International Herald Tribune

Lindsey, B., July 2004, 10 Truths about Trade - Hard Facts about Offshoring, Imports and Jobs, Reason Online, http://www.reason.com/news/show/29200.htmllast accessed on May 29, 2008
Scheuerman, W., 2006, Globalization, Stanford Encyclopedia of Philosophy, http://plato.stanford.edu/entries/globalization/last accessed on May 29, 2008
Rigged Rules and Double Standards, Make Trade Fair, http://www.maketradefair.com/en/index.php?file=26032002105641.html. Ast accessed on May 29, 2008
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