In my opinion, globalization can result in the loss of American jobs. Due to the growth potential in third world nations and their financial cost of their existing workforce it is highly likely that the United States will not reap the greatest benefit from globalization. However globalization is what is best for the world.
The most important thing for a business is to stay in
business. Globalization has extended the
potential workforce and marketplace for every company. Companies can use the internet to now sell
their goods worldwide. Also, many
American companies are now discovering that they can manufacture their goods
cheaper overseas. For these companies,
this is a logical business decision.