Topic 8: Debate on Globalization

Globalization to economists is the interdependent economy, but also interaction between people from different places in all ways. The benefits of globalization are technological expansion, liberalization of policies, and more consumer choices. Globalization also lead the Less-developed countries to increase in economic and indirectly lead the LDC to build new roads and other infrastructure. The costs of globalization are corporate accountability, income disparities, adverse effect, and people are displaced. Globalization has affected my life very much. Almost all stuffs I used in live are imported from foreign countries. The computer I used is probably made in China and the material it was made is probably from Africa. The resources are shipped from Africa to China. Without globalization, these are probably not possible, even it is possible, it will be very expensive. Without globalization, many of the invention or production will not be possible. I wouldn't able to communicate with my friend instantly. Taiwan been affected culturally, the culture of Taiwan is a mixed of Western and Eastern culture. People I know including me are not wearing traditional Chinese clothes, but American style clothing.