Friday, September 12, 2008

Is Globalization Hurting the US?

4 comments:

Audrey said...

Because the current U.S. dollar is weak we are in fear of being bought out by foreign companies. In a recent poll, 50% said that globalization has hurt the U.S. and only 26% said that we have gained from it. When we look at other countries such as China, the U.S. is falling behind. In 2000, the U.S. exchanges accounted for nearly 1/2 the value of global stock markets; at the beginning of this year, they accounted for just 33%. We need to step up our game if we want to make a difference.

Daniel J said...

For quite some time, the US dollar has been weakening. At the time of this posting, the dollar has actually been gaining very well. It's becoming much stronger while the Euro has been falling in value. This is a real good thing for our economy. The poll saying that 50% of Americans say that globalization has hurt us. This is quite true. We have been through some rough times.

Ashley said...

The U.S. dollar has been steadily becoming weaker and weaker. I think however that there may be a change soon (at least many are hoping). For the recent state of our economy, the possible change for the U.S. dollar could help with the economic crisis at hand.

Charles Orth said...

That is bad about the weakening dollar, it means higher prices for imports, wholesale inflation, and pain for tourists.

I do not think globalization is that bad. If you have a college degree, your job will not be affected, and you can save money on imports. If you are a factory worker though, globalization is a major issue. But we are no longer a manufactering economy, we are entering a technological age, and blue collar jobs no longer prosper here.