Discuss The Pros And Cons Of Globalization

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Introduction The reality of globalization is that it is "like being overwhelmed by a snow avalanche. You can’t stop it – you can only swim in the snow and hope to stay on top" (Collins). There is no doubt that the marketplace is continuing to shift towards an environment where globalization is ubiquitous; and it is happening at a fast pace. While some might say that globalization is bad for the American economy, others have a different perspective. For businesses and societies alike, globalization is a double edged sword; there are benefits and downsides for both the United States and host countries. In the positive sense it leads to inexpensive goods, lower labor costs, and more efficient markets. On the other hand, globalization can also…show more content…
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