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How does globalization hurt the United States economy?

Updated: 8/22/2023
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Amelia Bingham

Lvl 7
4y ago

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It is foretold in The Bible that it will happen, and it will harm the world. Everyone will be under one leader,which will be very antiChrist, and have to answer to him. So for all the individualists that discount Jesus as Savior because you want to be an individual, you will certainly not be when globalization is in effect.in other words it'll harm us

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16y ago
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10y ago

Globalization creates free trade zones and transfers jobs to poor countries where giant corporations make bigger profits and allows for bigger bonuses and would maximize the world's potential to cooperate and end war. Unfortunately, since the greedy & egotisical human being is involved, the reality is that Globalization only clears the way for the ultra-elite in any sense of national pride and sovereignty leading to less job in the US and around the world

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Amelia Bingham

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4y ago

by bringing wage reductions

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10y ago

hg

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Q: How does globalization hurt the United States economy?
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Continue Learning about Economics

Globalization of the economy has hurt which category of the us population?

Economy


How does globalization hurt the U.S economy?

It doesn't. Globalisation is good for any countries economy.


Does outsourcing hurt or help the US economy?

For my opinion, it can help at the same time it can also hurt. It can help because it's a one way of promoting the country specially with they're services and products that they'll offer it can also give also the United States more man power because of outsourcing that can help to grow their economy, it can hurt because some nationality take advantage the job opportunities of the United State because of the high salary rate and that's the reason why US economy go down and struggling to compete to the other competitive country.


Why does the US have the best economy?

The United States has traditionally had a strong economy because of its safety from chaos, its safety, its legal system, its tax system, and its political system. Europe, Russia, and China all had the potential of surpassing the United States. All fell apart during wars. Venezuela has vast untapped petroleum resources. Oil companies are hesitant to invest in drilling because Chavez will steal their equipment. Other countries have great natural resources. It is not safe to exploit it. In many countries with tremendous resources, Bureaucrats demand payment under the table for approval of almost anything. They do not fear reprisal. In the United States, they would go to prison. The governments do not benefit the people. Nigeria has a tremendous income from the sale of oil. The streets remain unpaved and the children unschooled. Too many places have postage size farms instead of larger farms where machinery can bring production up to western standards. The United States does not have internal tariffs. When Juarez, the President of Mexico, fled to the United States, he saw all the boats in New Orleans. He compared them to the few in a Mexican Port. He realized how much internal tariffs hurt the Mexican economy. When he returned, he did away with internal tariffs. They still hurt the economy in India. Thus, in the United States, you will be treated just like anyone else. The rules will be the same for you.


Who was hurt the most by the embargo act?

The Embargo Act put in place by the United States was meant to hurt the British and French. The Embargo Act however ended up hurting the United States the most because they couldn't trade for what they needed with the British and French.

Related questions

Globalization of the economy has hurt which category of the us population?

Economy


How does gloabalization hurt the United States economy?

by bringing wage reductions


How does globalization hurt the U.S economy?

It doesn't. Globalisation is good for any countries economy.


How did Jackson's actions hurt the economy?

Jackson removed federal funds from the Bank of the United States. The forced them to call in loans they had made, which hurt business in the Northeast and brought on a recession.


How did Jacksons actions hurt the nations economy?

Jackson removed federal funds from the Bank of the United States. The forced them to call in loans they had made, which hurt business in the Northeast and brought on a recession.


How did the defeat of the Boxer Rebellion affect the Qing dynasty?

The enormous reparations demanded by the United States hurt the Chinese economy.


How did the defeat of the Boxer Rebellion qing Dynasty?

-It led to the fall of the Qing government -The enormous reparations demanded by the United States hurt the Chinese economy.


How do you think Mississippi's racist society hurt the states economy?

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How does sectionalism hurt the us?

Sectionalism is loyalty to their religions and it hurt the US by the division (meaning different region) of the united states. Also, by all the different cultures in the united states.


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How did the defeat the boxer rebellion affect the Qing dynasty?

-It led to the fall of the Qing government -The enormous reparations demanded by the United States hurt the Chinese economy.


Does outsourcing hurt or help the US economy?

For my opinion, it can help at the same time it can also hurt. It can help because it's a one way of promoting the country specially with they're services and products that they'll offer it can also give also the United States more man power because of outsourcing that can help to grow their economy, it can hurt because some nationality take advantage the job opportunities of the United State because of the high salary rate and that's the reason why US economy go down and struggling to compete to the other competitive country.