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Globalization & The U.S.

Like other classmates mentioned, globalization affects our lives more than we think. I’m currently writing this blog post on my MacBook which was designed in California and assembled in China, bought in New York and now I am in DC using it. I am sure the clothes I am wearing are from various countries as well, and the banana I ate earlier today was from Central America, and the coffee I had today was from Colombia. Aside from these things, globalization has affected entrepreneurship and start-ups in the United States. For example, according to a 2018 Forbes article, one third of U.S. start-up workers are born in a different country. I think this is vital for successful business in a global economy, as these diverse companies and start-ups can have a better worldview and ideas of how to expand into various markets when they include workers from all around the world. 

Also, a restriction on globalization can lead to higher expenses for the American public. According to an NBC news article, a proposed 25% tariff on Mexican imports would cost each American over $250 a year. I do not want to delve into politics here but this shows the impact of denying globalization or trying to stifle it.

Sources:

https://www.forbes.com/sites/rhettpower/2018/07/15/this-is-how-globalization-is-affecting-entrepreneurs/#76f0d5a11b7a

https://www.nbcnews.com/business/business-news/trump-s-mexico-tariffs-set-begin-monday-will-hit-americans-n1015096

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