Everyday I encounter and work with products that are globalized. In the morning, I am first woken up by my alarm clock on my iPhone, a phone whose design and components came from around 30 different countries (Schwartz). The breakfast I eat in the mornings include Nutella on toast. Nutella is also globalized in that its ingredients come from different parts of the world. While its headquarters are in Alba, Italy, the sugar comes from France and Brazil and the hazelnuts come from Turkey (Williamson). These two products are highlighted only in the first hour of my day. One can imagine how many more globalized products I can encounter the rest of the day.
My aunt and uncle used to own a garment factory when I was younger. They employed around 25 workers who spent their time sewing, designing, and measuring. The small company sold these garments to different buyers who were either from America or China. However, they were soon forced to sell their company because their buyers found cheaper alternatives. In our case, my family was negatively affected by globalization as they were outsourced.
I believe globalization has been both good and bad for the United States. Globalization is a main catalyst for the creation of jobs. While many got the chance to work, working conditions and salaries were still low. Managers and owners get richer through this thus making the wage gap bigger. Sometimes jobs are even lost in the United States as they are transferred to lower cost countries. Free trade and competition has allowed tariffs, other barriers, and prices to be reduced. However, there are certain countries that still add taxes to exports and imports. Some countries also manipulate their currency to get an advantage to prices (Collins).
Collins, Mike. “The Pros And Cons Of Globalization.” Forbes, Forbes Magazine, 6 May 2015, www.forbes.com/sites/mikecollins/2015/05/06/the-pros-and-cons-of-globalization/#611ba16bccce.
Elaine Schwartz. “What Do IPhones and Pencils Have in Common?” Econlife, Econlife, 24 Sept. 2014, econlife.com/2014/09/globalization-of-the-iphone-6-supply-chain/.
Williamson, Kevin D. “Globalization in a Nutella Jar.” National Review, National Review, 13 Dec. 2013, www.nationalreview.com/2013/12/globalization-nutella-jar-kevin-d-williamson/.