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The Mis-Understandings Of Globalization

June 3rd 2018

I don’t understand this term, “globalization,” and specifically, I’m unsure of the meaning of this word, within the global marketplace.

glob-al-i-za-tion the process by which businesses or other organizations develop international influence or start operating on an international scale.

Example: “Fears about the increasing globalization of the world economy.”

Which is to say… that in a globalized economy… should domestic companies compete against one another? Or alternatively, do domestic companies collectively compete against other countries?

Furthermore, Vladimir Putin recently spoke on globalization at an international economic forum and during his speech, he cited that globalization was causing issues with trade. But was Mr. Putin concerned about the same thing? And is the Asian continent… not notorious for running their governments more akin to free market enterprises? But furthermore, later on during that same economic forum… a French politician named Christine Lagarde was also quoted as saying, “sometimes a globalized economy could be, ‘unfair.'” (Reference link.)

But what did she mean, “unfair?”

And is success scarcer in… China or Russia? The US? Or the UK? And should money carry over at all, from one nation to another? Is it harder to get rich in other countries and how do you know? And what are the ethics behind foreign investments? Because to me it feels somewhat imperialistic… to have a totally foreign entrepreneur starting multiple businesses abroad and then employing native employees… or vice versa.

Should I be working for foreign entrepreneurs, in my own country? And what if they don’t speak English? Which I’ve personally experienced, living in NYC… where immigration and jobs is one of those issues that I can personally attest, impacts different areas differently. Whereby, for example in Detroit… there is no Latin population like there is in; California, NY, Florida and Texas, where employment is alternatively impacted by immigration.

But to be clear, I’ve encountered several people in NYC… who DON’T WANT to oppose immigration… but who also say, “it’s frustrating sometimes.” And also, at the grass roots level I believe that people don’t want to build a wall but when some of them lose a job because of minorities, “clique’ing up,” in the job market, or any specific field…. it becomes a more complex issue. Yet, some states are unaffected by it, so it’s a difficult subject matter to cross.

And what about 3rd world countries? What’s the socio-economic ladder like there vs here?

Or more specifically, what’s the economy like in developing nations vs NYC? And is there a set, “3rd world model to make that transition?” Or do American investors simply build a Mcdonalds in an un-developed nation… and then tell everyone there to get a job, working for them?

And in conclusion, what about children? Because in my opinion the universal solution to globalization, is a globalized living wage. However, I also believe that giving children the ability to seek refuge and then perhaps the freedom live on their own, at a younger age, might also go a long way towards implementing a globalized economy. (Whereby, a 32 year old law school dropout should not be competing with young immigrants, for jobs in NYC… *with exceptions of course but that's currently what I've seen going on in NYC.)

Nevertheless, I think that in the future children of all ages, maybe 11 years and up… should have the ability to live on their own. And in conclusion, for those reasons… I believe that creating a living wage, independent of a person’s age, is the foremost solution towards a globalized economy.

-William Larsen, Civilians News