SocialВ StudiesВ 10В­IBВ

SubmittedВ by: В OliviaВ DuongВ

SubmittedВ to: В Ms. В ArthurВ

MayВ 13, В 2015В

ToВ whatВ extentВ shouldВ weВ embraceВ theВ perspectiveВ ofВ economicВ globalizationВ reflectedВ inВ theВ source? В

TheВ sourceВ refersВ toВ theВ worldВ asВ aВ " globalВ village", В whereВ peopleВ livingВ inВ differentВ partsВ ofВ theВ worldВ haveВ startedВ toВ shareВ valuesВ andВ beliefsВ whenВ theyВ wereВ notВ ableВ toВ before.  ​ ThroughВ

the positive effect,  people become interconnected and economies intertwine such that someone in USA could be wearing a shirt made in China.  ​

WithВ theВ riseВ ofВ aВ globalВ economy, В theВ sourceВ

explains that people expected economic globalization to " lift all boats” symbolizing that most had wished that it would be beneficial to all businesses and countries.  The source goes on to state that the current economic scenario has been like " a riptide that has knocked over the weakest boats. ” Riptides are very strong,  violent currents that pull its' victims out to sea,  usually causing panic that ends in drowning.  This gives an image of harshness that the writer uses to suggest that when countries or businesses remained too weak, ​

theyВ wereВ pulledВ underВ andВ renderedВ hopeless. В

TheВ authorВ isВ clearlyВ positiveВ aboutВ theВ potentialВ ofВ economicВ globaliza​ tionВ andВ isВ awareВ ofВ its'В

currentВ flaws, В butВ believesВ thatВ withВ properВ management, В everyoneВ canВ obtainВ theВ " promiseВ ofВ enormousВ benefits. ”В

В 

TheВ source'sВ unrealisticВ beliefВ thatВ everyoneВ hasВ theВ possibilityВ ofВ benefitingВ canВ beВ perceivedВ asВ naГЇveВ byВ criticsВ whoВ argueВ thatВ pastВ policiesВ instigatedВ byВ governmentsВ haveВ hadВ moreВ negativeВ thanВ positiveВ results. В NoВ matterВ howВ manyВ policiesВ governmentsВ putВ inВ placeВ toВ

manageВ economicВ globalization, В multinationalВ companiesВ willВ stillВ findВ waysВ toВ thwartВ theВ system. В ChangeВ isВ inevitable. В However, В theВ transitionВ toВ fairerВ economiesВ isВ inВ theВ abilityВ ofВ theВ publicВ toВ makeВ theВ correctВ decisionsВ andВ actionsВ asВ aВ whole.  ​ EconomicВ globalizationВ hasВ theВ...