Global economy is affecting work in the Unites States and worldwide. In a sense, the U.S. economy has always been international because world trade has always linked United States to other countries. The globalization of the economy affects much more than trade however. The concept of global economy acknowledges that all dimensions of the economy now cross national borders, including investment, production, management, markets, labor, information, and technology. Economic events in one nation now can have major reverberations throughout the world, so when the economy in Brazil, Japan, China, or Russia is unstable, the effects are felt worldwide. This all leads to global stratification, in which I will be discussing in this paper. Global stratification is a very important topic in society that raises several negative questions that vary from morality to economic problems and economic power over the world.
|