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loss of manufacturing jobs
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What are some of the drawbacks of globalization for the American economy?
One of the main drawbacks of globalization for the American economy is the claim that it makes the rich richer and the poor poorer. Also, it assumes that big business will act with less accountability.
What is globalization and how does it affect the American economy?
Its the economy going ever more global. It means American businesses have to work on the global market rather than just the American one.
What is one way that the great depression affected the world economy?
American banks demanded repayment of foreign loans
What is the movement from many local economies to one global economy is called?
globalization.
What is one way the World War 2 affected the American economy?
Factories ran twenty-four hours a day producing military supplies.
What is one way that World War 2 affected the American economy?
Factories ran twenty-four hours a day producing military supplies.
What is the domino effect of globalisation?
The Domino effect of globalization is the fear that if one economy falls then others may fall as well. Causing the "Domino Effect".
Why do globalization and increasing interdependence pose risks to the global economy?
Globalization and increasing interdependence can pose risks to the global economy by creating vulnerabilities to economic shocks and crises that can spread quickly across countries. This interconnectedness can lead to contagion effects, where problems in one part of the world can rapidly affect others. Additionally, unequal distribution of benefits from globalization can exacerbate income inequality and social tensions, potentially leading to political instability.
What are two ways that American has benefited globalization?
Economic growth is one way that people in the United States benefit from globalization.
How did hosni mubarak affected the economy of egypt?
Make Hosni Mubarak, Egypt's economy one of the strongest economies in the world, Egypt's economy is one of the few who were not affected by the global economic crisis ... and your right record did not materialize in America during the global economic crisis ... Since the order of Egypt's economy is 26 in the world and this number is Excellent
What leader envisioned the American economy as one based mainly on farming and agriculture?
Thomas Jefferson was the leader that envisioned the American economy as one based mainly on farming and agriculture.
How has globalization affected Kenya?
Globalization has brought both opportunities and challenges to Kenya. On one hand, it has opened up new markets for Kenyan goods and services, leading to increased trade and investment. However, it has also exposed the country to economic fluctuations and competition, impacting local industries and employment. Additionally, globalization has influenced cultural exchange and technological advancements in Kenya.
