Overall do you think the new global economy is a good thing or a bad Essay

Overall do you think the new global economy is a good occasion or a bad thing - Essay ExampleThe new global economy would not be a positive thing to United States economy, which operates a free- market capitalism. The increased output in numerous growing economies such as China and India will infiltrate the United States leading to the decline of the exportation income. Dahlman and Renwick (483) state The United States has broadly eased import restrictions in hopes that U.S export to other countries will increase. The dwindling exportation created by the new global in the United States would adversely affect many industries, which may cause some employees to be laid- off.With the wide- ranging areas of production in China and India, the new global economy would highly benefit these uphill economies. The youthful generation augmented by a growing population in both China and India would stretch the production and utilization further, which would encourage these countries to intere st much of their production, while importing more from other