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Essay / Research Paper Abstract
This 4 page paper looks at globalization and how it has affected western economies. Specifics about the economies of the three countries in question are provided. Bibliography lists 3 sources.
Page Count:
4 pages (~225 words per page)
File: RT13_SA332glo.rtf
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Unformatted sample text from the term paper:
merits. Some claim that globalization has opened doors for smaller economies, and had given nations the opportunity to grow, while others simply see conglomerates spreading, and using cheap labor while
taking from the natives their sense of freedom and their culture as well. When viewing the concept of free trade, a concept that many economists applaud, has it worked? Gilpin
& Gilpin (2001) claim that most of the trade in the world occurs between Japan, the United States and Western Europe. They also claim that this is to
the exclusion of other less developed nations (2001). While that may be the case, when examining the economies of European nations along with the United States and Japan, there are
essential differences. Globalization has not created a panacea for all developed nations. In fact, in exploring the economies of Japan, the United States and Germany, for example, one sees tremendous
differences between these three. In comparing and contrasting nations, it is important to note that Japan has a constitutional monarchy and in respect to work
and such, the government is entrenched in the business of its people. The nation to some extent guarantees some workers jobs, and its influence is vast. This is both positive
and negative. On one hand, the people are afforded some help from the government, but on the other hand, the governments influence restricts Japans capacity to freely trade and offer
the rest of the world opportunities to expand. Although Japan suffered in the latter part of the twentieth century, the nation has come out of the negativity experienced by
the world, and particularly by Asia, since the currency crisis began in Thailand. And while that is the case, authors like Stiglitz (2003) see the region in crisis largely due
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