Argumentative Essay On Globalization Debate - 1708 Words

Joseph Scarimbolo MGT 3600 Professor Gnuse 08/22/2017 â€Å"Globalization Debate† Globalization is a very hot button topic in today’s economy. It is discussed and debated everywhere, including TV shows, on the internet, in politics, and in company boardrooms. The text book defines globalization as the â€Å"tendency toward an international integration and interdependency of goods, technology, information, labor, and capital, or the process of making this happen. â€Å"(Geringer, 2016, p. 17) What essentially is happening is that the world is shrinking, and that technology is bringing people closer together. Global businesses are growing for many reasons. Obviously the main reason is because of technological advances. What has also helped is the†¦show more content†¦A great example of this is India and its fight against the US over local content rules regarding India’s own solar energy production. India’s own renewable energy minister, Piyush Goyal, has said that â€Å"it is very unfortunate that the US on one side continues to have its own Domestic Content Requirement and purchase of solar equipment giving preference to domestic manufacturers and on the other hand, chooses to go against the developing world. (Brar 2016) Basically the United States is saying that India s policies on buying locally made solar power equipment discriminates against imports. So even though the United States free trades everywhere, and want to sell their products in places like India, the US wants to protect their local businesses from low cost products flowing in from India. That is pretty hypocritical because I believe that all India wants to do is have their own solar energy panels for sale throughout the world. India just wants to protect their own local businesses, the same way that the US does. If we want a true free market - we have to expect US citizens to compete against Indian workers who are ready to work for $1/hour with no regulations. Globalization can even infringe on the national sovereignty of a developed country. A great example of this was mentioned in the videos. This has to do with the United States issue with the EU trying to block imports of hormone treated US Beef. So the WTO came in and struck down the EuropeanShow MoreRelatedThe Journey of India Through History in The Argumentative Indian by Dr. Amartya Sen886 Words   |  4 Pagesthat sense, the book, â€Å"The Argumentative Indian† written by Dr. Amartya Sen, the Nobel laureate has been very appropriately titled and that through this he has unwittingly revealed his own views. The way the book moves ahead, are thoughts of an argumentative individual – propagating his own views but not searching for the truth. 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