Globalization

Globalization is the distribution of industrial and service activities across an increasing number of nations across the globe. The world’s economies have become deeply integrated and interdependent on each other. As the article Global Trade, Identify the Losers from The Economist mentions, American companies such as Apple create jobs in the United States, but have also created jobs elsewhere. Job distribution is increasing overseas as there is a diverse pool of applicants with increased productivity, and many times at a fraction of the cost of American workers. Reduced barriers of trade have created many business opportunities for companies like Apple to take advantage of the knowledge and resources not only in the United States but worldwide. Technological advancements have allowed globalization to occur, especially with the internet physical proximity is no longer a barrier to trade, as the internet connects all aspects of the business in real time in one cyber setting.
The article Global Trade, Identify the Losers is highlighting the fact that with globalization, companies like Apple have the choice to hire employees from other countries to support their products. Given that the majority of training and information can be transferred over the internet, it is not longer a requirement that the support staff be located in the United States. Additionally, the United States is a developed nation and therefore one of its best resources is knowledge. Given that Apple still must produce products, it can outsource the manufacturing operations to a more developing country whose labor force would be willing to work for a lower wage than American workers. International trade alliances and employment of service personal oversees has transferred jobs to many countries across the globe where the cost of labor is cheaper and potentially more