Some effects of globalization:
The United States is the center of globalization trends – we drive most of the world’s economy, influence international policy, and financial transactions.
The prime paradigm is capitalism – a faithful reliance on the market to drive decisions.
Global forces like the World Bank promote decentralization and privatization. Governments get out of the way, leave services to private groups.
Inherent in capitalism is an unequal distribution of wealth. Having wealth generates more wealth, having no resources leaves countries at a severe disadvantage.
Technology is one kind of resource and wealth. Countries that have technology, use it to develop new products, markets, ideas… and financial power.
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