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Essay / Research Paper Abstract
This 5 page paper talks about the positive and negative aspects of globalization. Margaret Thatcher's views are noted. Various perspectives are explored, and today's globalism is compared with mercantilism. Bibliography lists 1 source.
Page Count:
5 pages (~225 words per page)
File: RT13_SA150glo.rtf
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Unformatted sample text from the term paper:
(Brophy et al., 1998). She points out the importance of capitalism in a world that is often without necessities and how capitalism can work to help people. This was a
speech she had given in 1975 and points out that even Russia had to go to the west in order to feed its people, suggesting that this is proof that
capitalism has won. Thatcher addresses trade issues and says: "We export more of what we produce than either West Germany, France, Japan or the United States, and well over 90
per cent of these exports come from private enterprise" (1998, p. 569). Of course, it would be years later that capitalism is seen as the victor. Brophy et al. (1998)
compiles a great deal of information on globalization. A student drawing on these readings will be able to analyze the benefits and challenges that globalization has created between the first
and third worlds. In general, globalization is welcomed by third world nations, but there is certainly a dash of skepticism. There is no open arms affair with the multinationals,
but some third world regimes do appreciate some of the benefits the system brings. The more developed countries too are not displeased with the effects of globalization as it has
only done good for the companies who have branched out and brought in more revenue to their own home country. The future of globalization is up for grabs. It is
true that the trend is difficult to stop because it is something driven by capitalism and not necessarily bound by national interests. Global companies are privately owned and so they
call the shots. There has been a great deal of criticism however as it seems that the rich multinationals get richer and the third world countries are not benefiting as
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