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Positive And Negative Impact Of Globalization

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McDonald's, and Starbucks combined number of stores around the world total to about 65,000 stores. This amount is more than the population of some countries! Globalization is the increased interdependence of countries/nations around the world. Globalization can mean culture spreading, which is what McDonald’s and Starbucks are both doing, and can help or hurt many nations around the world. In the early 1900s globalization was much less advanced, but now, due to technological advancements, globalization is spreading and becoming more and more popular/common in places around the world. Globalization has impacted economics, politics, and society in many positive and negative ways, but more positive ways.

Globalization can be both positive and negative regarding economics. For example, today the process of transporting a single t-shirt is reduced to about $0.07! (Planet Money, Boxes Chapter). Globalization has made costs a lot cheaper around the world. Due to advancements in technology shared, the process cost is being cut by a lot of money. This is very positive because it means that making a t-shirt is cheaper and more efficient. But, economics can be impacted negatively too! Due to outsourcing, there are many fewer jobs available in the United States (Friedman video). Companies are taking jobs once available in the US, and giving them to people in other nations because it is cheaper. This is a bad impact because now the American economy is being affected because fewer people

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