Tuesday, March 2, 2010
Global Inequality
After reading the chapter in the text on Global Inequality, one thing that struck me as interesting was the very last section in the chapter about the possible consequences of increased globalization. One prediction was that our country might not remain a global superpower like it is now and has been in the past. This is interesting because I don't think that this is something that we, as Americans, consider. The current economic state has been blamed on many different things, but I don't think that globalization has even been considered by most people as a reason for possible economic decline. I believe that this reflects the typical American self-centered viewpoint. As the "greatest country in the world" we expect the U.S. to always be at the top, economically and diplomatically. The possibility that globalization could change this and even the playing field, making American wages decrease or causing other changes, is a very sobering thought. I think that I am like most Americans in thinking that we are currently in an economic low but that it will of course improve, hopefully sooner rather than later. This may be the case right now, but in the future, our economy might not continue to always improve, and we may have to rethink our relationship with other countries.
Subscribe to:
Post Comments (Atom)
I agree that our economy may not always rebound from lows like the one we are experiencing right now. I can't help but wonder how long this cycle will continue until it one day falls apart. We may end up having to lean on other countries one day and we can only hope that they will be willing to help.
ReplyDelete