Currently, there is a large debate surrounding globalization and its effects on many facets of life. One of the most important factors which is concentrated on by many is the effect of free trade and technology among multinational corporations. Opponents have chalked up a list of criticisms that seem viable on the surface, but crumble at the hands of simple business and economic laws upon further examination. In a philosophical viewpoint, it is comparative to …
showed first 75 words of 1028 total

showed last 75 words of 1028 total
…it is easy to observe lost jobs, but nearly impossible for critics to record new jobs created because of these additional resources received from trade and technology. It is really only possible by analyzing historical macroeconomic data, which will indicate the cyclical pattern that trade and technology do not reduce overall employment. We understand jobs are initially lost, however overall employment is constant in the long run. Globalization merely causes a temporary displacement of workers.