Wednesday, March 4, 2009

Globalization of the World Economies: Is it avoidable?

There has been a lot of talk recently about Globalization and whether it is helping or hurting the economy in the United States. People asking this question, and especially those who have been criticizing America's steps towards globalization need to take a step back and look at things from afar.

We are living in the age of "information". Anyone can communicate with people accross the world instantly through emails, instant messages, or video conferencing. For those of you who believe that we should try and prevent the spread of globalization, please explain to me exactly how you do this? Do we prohibit emails? Do we shut down international trade? Do we close the door to overseas innovation? Do we disallow internet access to everyone in the country? Do we ban the use of Online E-currencies and Payment Processors? Absolutely not. Without doing this, globalization will continue to spread and there is nothing we can do about it.

The United States is based on Democracy, not Communism. We are allowed to invest our money internationally if we believe certain foreign companies are good investments. Globalization is here to stay whether you like it or not, so live with it.

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