Critical Thinking Assignment

Critical Thinking Assignment #2: Globalization

Countries engage in international trade for the following reasons, a lack of raw materials and natural resources such as coal, gas, steal, lumber, and oil to fuel industry and development, processed foods and crops not able to grow or be produced in some climates, finished products, specially products exclusive to there countries of origin, inexpensive labor, and need of land. Japan is a perfect example of the need for importing goods and exporting products. Because it is an island with few natural resources Japan imports massive amounts of fuel and raw materials much of whitch goes into industry. Then take the raw materials and turn them into finished products. Japan builds and exports goods
I found this definition online and It does a good job of putting globalization in perspective. In terms of the products we buy and the things we do. It refers to Princess Diana’s death and how goods come to arrive in the market place. A question was posted on//home.earthlink.net/ asking; “What is the truest definition of Globalization?” this was the response “An English princess with an Egyptian boyfriend crashes in a French tunnel, driving a German car with a Dutch engine, driven by a Belgian who was drunk on Scottish whiskey, followed closely by Italian Paparazzi, on Japanese motorcycles, treated by an American doctor, using Brazilian medicines! And this is sent to you by an American, using Bill Gates' technology which he enjoyed stealing from the Japanese. And you are probably reading this on one of the IBM clones that use Taiwanese-made chips, and Korean-made monitors, assembled by Bangladeshi workers in a Singapore plant, transported by lorries driven by Indians, hijacked by Indonesians, unloaded by Sicilian longshoremen, trucked by Mexican illegal aliens, and finally sold to
In my opinion outsourcing is good and bad. I understand that Its cheaper to send jobs over seas I also understand its necessary. However if large companies would give the majority of there to their native countries we the economy and the working class would be better of. In my mind the easiest solution would be for the heads of companies to become more patriotic and realize that if outsourcing on such a large scale continues the U.S. is not going to be the super power much longer and some of products made elsewhere. But somehow I doubt that will happen because patriotism is not an existing form of currency. I think outsourcing is inevitable because the main goal of a business is to make a profit. If a company can get the goods or services they need at a quality that meets their standards for less, upon sale of this product or utilization of this service they employer make a larger profit. If you look at the label on an any manufactured product around you does it say Made in America? Probably not. “Data from Forrester Research, a leading IT consulting organization, lends support to Bhagwati's findings with estimates that 400,000 U.S. jobs had moved abroad by 2003 and that the total would hit 3.3 million by 2015.
That's just over 200,000 jobs lost each year to global outsourcing, a trivial problem in the context of the normal churn of the U.S. economy, where about 7 million