Addie Acuff

April 12, 2012

Labor Economics

Blog #1 Global Perspective

With the use of technology globalization has been rapidly increasing. The world has become interconnected with each other. The majority of items that we use in our daily lives usually are not produced or made in our own country. In the United States this is even the case with the food that we consume. Recently many countries have started a movement away from globalization.  This movement has led to businesses taking advantage of the fact that labor and costs are cheaper in some parts of the world. At first businesses thought this was the ideal situation but now it seems to have a lot of backlash. Many people throughout the world are starting to want their business back in their own countries. A current trend is for businesses to stay and not move overseas. For many years it has been company after company that has moved out of home countries and to cheaper countries. The jobs have been shipped overseas and communities have had to suffer. Now people are starting to feel as if they are suffering because of globalization. This new trend has caught on to some companies but has yet to make a major impact in the majority of businesses throughout the world.

Since many people want to promote their economy they have started to buy companies which only produce in their home country. In the United States you can now see where your food was produced. This is something that was not common until just recently.  ABC News has recently started a program in their daily newscast called, “Made in America.” This program each week features American companies and items that one can purchase that are not manufactured overseas. This program reaches millions of people each week. Below are links for some video clips of the program.  Most Americans would like to purchase items that are produced in the United States. Many companies are realizing this and slowly moving production back to the United States.

While this may be the case for some companies the majority have decided to stay overseas to save costs. The problem is that people still want cheap items. If they didn’t want cheap items companies like Wal-Mart would not exist.  I do not want to have to pay twice as much for items that I am used to paying cheap prices for. Personally I don’t even get paid enough to pay for these items while making near to minimal wage. The problem is that we cannot have both. It would be impossible for everything to be cheap and be made at home. The wages are impossible to compare. Unless people start receiving less pay there is no way that companies can survive without raising prices.

This is not just a problem facing the United States. Many countries have lost jobs due to outsourcing. This includes much of the European Union. This is the year for elections in many countries including France who will host their own presidential election. The candidates include one man who is against globalization. Juan-Luc Mlénchon is running his campaign against globalization among other platforms. While he may not be a front runner Juan-Luc is making headlines all over the world. This candidate has been opening eyes throughout France and the rest of Europe by spreading his views.

                Globalization has many positives that can be seen easily. There are however substantial pitfalls to globalization. Many people want business and jobs to stay local. The problem is that the costs will not stay low. We cannot have both unless we are willing to give up some things. Other problems include the rich growing richer while the poor remains poor, the negative effects on the environment, the spread of infectious diseases and exploitation of labor. In the end globalization really is like fire neither good nor bad. There are both positives and negatives and in the long run we will see the true impact of the decision to be a global planet. The question is, will this new trend pick up or will globalization keep ruling?

Made in America Segment:


One thought on “Anti-Globalization

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