Business Globalization Pro's and Con's Term Paper

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And proof of this sad truth stands the increasing trade deficit, meaning that the United States basically imports more than it exports. The imports from Canada and Mexico for instance have grown by 173%, whereas exports grew at a more toned pace. Then, NAFTA also caused 900,000 Americans in high-paid manufacturing positions to lose their jobs. "We're not signing trade agreements to open new markets for our exports.

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Instead we're continuing to enter into outsourcing agreements with countries that cannot possibly buy our goods" (Dobbs, 2005).

All in all, globalization is an extremely powerful force that can cause both wealth as well as poverty. Otherwise put, it is the force that intermediates the meeting of first and third world countries, with gains and losses for both parties.

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