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Globalization: Unintended Consequences

By Brandon Liu

To begin, globalization is perceived to be the interdependence between numerous countries and regions in order to increase international exposure to new products, technology, information, and jobs across national borders. Globalization has indeed affected my life in the form of the technology that I utilize on a daily basis. My Galaxy Note 9 was first introduced by the conglomerate juggernaut, Samsung, which is headquartered in Suwon, South Korea. According to Sascha Segan, a reporter for PCMag, Samsung has dominated 26.9% of U.S sales within the mobile phone market. This accounts for millions of people, meaning that globalization has opened an avenue for international companies to gain large amounts of exposure.

Globalization has no doubt affected both my near and extended family. Given that globalization retailers and other entities the ability to sell their products on a global scale, this plays a large role in the goods that my family buys on a daily basis. Specifically, clothing is a huge part that is affected for my immediate family within the U.S and my extended family in China. Within the U.S, my immediate family has unlimited access to, “an abundance of fashions sold by giant retailers who can update inventory, make transnational trade deals, and coordinate worldwide distribution of goods at the click of a computer” (Rabine). My extended family in China are able to purchase popular brands of clothing that are glorified on an international level such as Jordans, Under Armor, and even Louis Vuitton.

Globalization can have its positive effects in the U.S in the form of abundance of resources and opportunities to purchase such accessible products, but the interdependence that globalization elicits may result in increased unemployment for U.S citizens. Labor markets have steadily deteriorated due to Chinese competition and outsourcing because these disadvantaged workers are forced to work for inexplicably low wages which drives unemployment up.

Sources:

https://www.pcmag.com/news/358840/70-8-percent-of-us-phones-sold-by-samsung-apple

https://fashion-history.lovetoknow.com/fashion-clothing-industry/globalization-fashion-industry

https://ourworldindata.org/trade-wages-cost-living

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