Examples of the effects of globalization in the United States

 

When did globalization begin?

What is globalization?

What are the benefits of globalization?

What are the costs of globalization?

What are different paths the United States could take to globalization?

What is globalization doing to the United States?

Examples of the effects of globalization in the United States

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Rollover images can be found on the following URLs:

www.mrm.mms.gov/MRMWebStats/Home.aspx

www.globalchicago.org/

-Image found on the URL: http://wynn.house.gov/display2.cfm?id=3156&type=Services

*There has been a huge increase in the educated work force. In 2000 there were 112 million college enrollees which were 3.8 times as many as in 1975.


*There is a reduction in the United States comparative advantage of greater job competition via global sourcing.


*10-15% of jobs are expected to be off-shored in the next 20 years. (Any job that does not require to have face to face contact, has the possibility of being out-sourced.)


*Big participants in globalization at the moment are the United States, the EU, Japan and China.


*There was a 32% decline in low wage technology workers from 1999 to 2004.


*Between 1998 and 2003 there were 2.5 million jobs lost due to trade.


*A slow pace of implementing globalization in society is better for the rich countries’ opportunity set; where as a fast pace is better for the opportunity set of the poorer countries.