Name Essays (346 words) - Economy, United States,

Name Professor's name Course number Year In the 20th century, globalisation took the World into the enabling of sharing of resources and manpower worldwide. Some countries did not approve but the few that did reap greatly from it. George W. Bush was the current American president, he seized the opportunity for globalisation to increase input in the country and maximise their workforce worldwide. In the 1980's, the US had begun to sell their stocks and buyers were the mainly the Japanese investors, also the European and Middle Eastern nations stepped up and purchased the stocks and bonds. This increased the diversity of the US global market and this increased the number of job opportunities, not only within but even around the world. In fact, it was found that in 2002; approximately 4 million Americans were paid by foreign companies like BMW and Honda which had employed many of Americans to work for them in their respective countries (Zipperle, 89). This was beneficial for the United States in terms of business and market diversity across the Eastern parts of the world. George Bush also eased the trade restrictions that cleared the barring of boundaries in terms of the business sector between the US, Canada and Mexico. This was later approved by the NAFTA (North America Free Trade Agreement). They, therefore, traded with minimal restrictions and the US being in the centre of it, benefited most of all. The democrats opposed this saying it took the good jobs and as led to rising of unions, also they linked globalisation to the increase in the gap between the rich and the poor. Despite all these allegations, the republicans supported this and in 2005, Bush lowered more barriers and was in turn supported by the World Trade Organisation. This has benefited the US greatly over the years and has led to millions of immigrants benefiting from this. Works Cited Mrs Zipperle - V.U. U.S. HIST 140 - Chapter 31 - The Promises and Challenges of Globalization Since 1989