What is the importance of pursuing a Global Economy?

Answer 1

Studying globalization is important because as the world becomes more and more interconnected, there are serious implications and consequences for people all around the world. While some benefit from globalization, others pay a heavy price for it. Many argue however that globalization results in more "winners" than "losers" and is hence a good thing.

Answer 2

Studying globalization help us to copy and understand all changes occurred all over the world, by understanding it, it reduce claims posed on globalization because if something gone wrong we blame this is because of globalization. Therefore by understanding that those may stop doing so.

Answer 3

Provide cheap goods to the big box stores in America containing foreign made products so Americas largest employer's can provide the new American Dream of being a store clerk. Make the whole world like one big village, so the elite can control the half and have nots as is done in China allowing our politicians to provide more entitlements while increasing China's influence on the American dream to be free.

Answer 4

By economic principles, opening up to trade will create a new "world price" that must be adhered to. This will allocate goods in the most efficient way.