Globalization+of+India,China,+and+the+U.S

=Globalization- on going process by where the economies,societies and cultures of various regions are integrated. We can study the cause and effect and determine whether they are good or bad.= = = =Globalization since world war II is largely the result of planning by politicians desiring to break down borders, and hampering trade in order to increase prosperity and interdependency; thereby decreasing the chance of future wars. This led to Bretten Woods Conference.= =Which was an argument by the worlds leading politicans to lay down the framework for international commerce and finance and the founding of several international institutions to over see the process.= (Bretton Woods Conference) =__Ways to Promote Free Trade__= =**Elimination of tariffs, creation of free trade zones with small or no tarriffs**=

=Reduced transportation casts, especially resulting from development of containerization for ocean shipping=

=Reduction, elimination of capital controls=

=Creation of subsidies for global corporations=

=Harmonize of intellectual property laws across the majority of states, with more restrictions=

=Recognition of intellectual property restrictions patents granted by china would be recongnized in the United States.=

= **//__India's Role In Globalization__//  **  = = = =India invented important aspects of trigonometry and the decimal system= =in the 18th century. India was a major economic power with 23 percent of the world's GDP= =While the British exploited Indian's population,economy and resources as a ruler they also left India democracy, laws, judiciary, and free press, 40,000 miles of railroad track, left English the official langue of business and left English in India's schools.= =T.V is arguable the most dorminant gateways of globalization offecting india today. T.V became wide spread in 1980's, when the government ended their control as the only broadcast. Hindi films are exported to more than 100 countries across the world. meaning that overseas booking and video rights account for 30% of films revenue.= =With the increase of interest in India cinema known of Bollywood it has had a great influence on the U.S and U.K, but thousand flock to India to experience yoga, Buddhism and other important aspects of Indian culture which means globalization is more of a a two way street than most people think.= = __China's Role in globalization__ =

=China's globalition has successfully influenced India to take advantage of a more open economy. Chinese growth has bought american companies new markets which has substantially improved the living standards of poorer americans.= = =

=China has had numerous impacts on the U.S, China has become a vast market for U.S goods. The U.S sells many Buick's in China. Therefore profits form china have been a critical margin for GM during a difficult time.= =The Chinese are beginning to invest in the U.S. Haier is now manufacturing refrigeraters in the U.S., the U.S benefits from china's boost to foreign economies like japan and Australia. Having a prosperous partner is invaluable to the U.S economy.=

=__U.S Role in Globalization__=

=One major concern in America is the loss of jobs to foreign workers. but we also may gain jobs and boost our economy. Actually the U.S may in source far more than it outsources. That is,just as U.S firms use the services of foreigners, foreign firms make even grater use of the services of U.S residents. "office work" refers to the category of business, professional, and technical services that includes computer programming, telecommunications,legal services, banking engineering and banking.= =In 2003 we brought 77 million worth of these services from foreigners,but the value we sold to foreigners was far higher, over 130 million. Here's another interesting fact, between 1991-2001 U.S based multinationals created close to 3 million jobs over seas. Created 5 million jobs in the U.S which is an increase of 30% in pay role. one major role of the U.S in globalism is to create opportunity for "open trade " which creatures opportunities in the U.S by helping foreign economies become stranger. because as incomes grows so does there demand for goods and services, many of which these countries will not be able to produce. This rise in foreign demands in import is an opportunity for U.S films to compete to provide these products.=

=Closing statement=

=wouldnt it be ashame to miss that opportunity in this country because of trade barriers policy markers create. It would mean lost export sales and lost jobs in these sectors.=

__SOURCE:__
=__http://ww.cmcnyls.edu/public/Bulletins/3comch.htm [] __= []

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