Globalization of North America, South America and the Caribbean Essay

Globalization is the result of a development of an increasingly integrated global economy marked especially by impeccant trade, free flow of capital, and the tapping of cheaper foreign labor markets (http//www. merriam-webster. com/dictionary/globalization). Not e realone is a advocator of globalization. This is especially true for North the States. Although the textbook says North Americans have proceed a highly affluent society by means of transforming the environment and by extending their global, economic, cultural and political reach, the fact remains, that many citizens of North America are not wealth by any stretch of the imagination.The equal can also be said about Latin America. The richness has spread so unevenly, particularly in the joined States, that many of the antecedently middle class have lost their homes and many are instanter living in tent cities. Recent college graduates are finding it very difficult to obtain employment in their chosen field. Many heap have been unemployed long enough that their unemployment benefits have run out.These people are considered to be not actively seeking employment this is just now a fair opinion to form. Much of this can be accounted to operate being outsourced, mainly to places like Mexico, or even as cold as India. Multinational corporations are often accused of social injustice, unjust works conditions (including slave labor wages and poor living and working conditions), as well as a lack of concern for the environment, misdirection of natural resources, and ecological damage. http//www. manufacturing. net/articles/2010/06/the-pros-and-cons-of-globalization. However, there are some benefits of globalization. both(prenominal) people argue that money is now able to flow freely across boundaries that were once limited. An article found in Forbes Magazine explained how Sony could move a Playstation game console or TV just as easily in the United States as Tokyo.The same goes for Apple with it s iPhones and different tech toys. (http//www. forbes.com/sites/panosmourdoukoutas/2011/09/10/the-good-the-bad-and-the-ugly-side-of-globalization/). The textbook points out how uneven development is in Latin America. Frustrated workers, whether highly clever or low skilled look to emigration as their only hope. Migrants frequently relocate to the United States, Europe and Japan looking for work. Remittances are sent back to their domestic countries, which results in billions of dollars annually directed to Latin America.