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Complete 2 page APA formatted essay: Global Managerial Economics Master.Download file to see previous pages... It required the company to purchase a large percentage of the raw materials for manufactu
Complete 2 page APA formatted essay: Global Managerial Economics Master.
Download file to see previous pages...It required the company to purchase a large percentage of the raw materials for manufacturing the vehicles from Mexican-owned suppliers but now that is not the requirement. This means that Mexican-owned suppliers now miss out on the sales and income. Some view this as bad as more powerful countries become more sovereign (there will be an international sovereignty), jobs are reduced in "weaker" countries, and second and third world countries will have less power, income (businesses), etc. Globalization Debates (2000-2001) reports, "Politicians opposed to America's global influence and activists opposed to the inequities of oppressive global capitalism now portray globalization as dangerous. Globalization has thus become an issue in a wide-ranging global debate." Free trade limits states to operate domestically and protect their domestic welfare. These generous welfare states become less competitive. Culture is also lost. Global norms and practices take over what was originally known as local and authentic. For example, western influence (such as America's way of doing things) becomes a global spread of what is popular and cultural homogeneity results. Some other losses include increased materialism and environmental problems.
