Reaction

write an evaluation that includes the following: 1) a summary of the persons discussion, 2) strengths and weaknesses of the analysis, and 3) recommendations to improve the analysis. 4 ) One advantage and one disadvantage of Globalization. Here is the Analysis ou critique. 1- Globalization is defined in Miriam-Webster as "The development of an increasingly integrated global economy marked especially by free trade, free flow of capital, and the capping of cheaper foreign labor markets." (Merriam-Webster, 2016). Oustide of the textbook definition of Globalization, one could see it as the integration of world economies, communications, transportation, technologies, politics and law. Now, more than ever before all of these factors have a direct affect on one another. As seen by how events on Wall Street are impacted by political events in Europe or how improvements in technology from Asia can sway consumer spending or legislation here in America (globalizationpolicy.org, 2016). Hundreds of years ago, Globalization was nothing more than colonization at the hands of one or two "superpowers", but now, we see countries like America, China, Japan and others all vying for economic supremacy over another, while at the same time, realizing that we would struggle without them. "Globalization." Merriam-Webster.com. Merriam-Webster, n.d. Web. 25 Oct 2016 Globalization - Global Policy Forum. (n.d.). Retrieved October 25, 2016, from https://www.globalpolicy.org/globalization.htm.