Rich Man, Poor Man in Term Paper

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However, this same prosperity is also changing the employment market and the way corporations, governments, and other organizations operate on multiple levels. The benefits of globalization are profound because it increases the overall global wealth, but at the same time it has harmed many industries and destroyed the jobs of employees everywhere. This means that an evolution is taking place where workers must now redefine themselves and their skills in order to stay competitive and to pursue job opportunities that were not present in the previous market.

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The lesson of this article is simple, that with the onset of globalization we are seeing profound changes within the world and the majority of these changes are positive. However, because change causes short-term damage on many different levels, we are observing a heavy backlash. Only time will tell whether protectionism will be overridden by the general prosperity increase that the world is seeing in this newly globalize world. http://www.economist.com/opinion/displaystory.cfm?story_id=8554819.....

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