Friday, December 4, 2009
Get with the Program
Many nations are suffering from not opening up their economy to global trade. Their barriers to entry strain their countries of prosperity. America and many other nations have benefited from using globalization to make their economies expand and give their inhabitants more opportunities. Also it brings struggling economies to bring more jobs and higher wages to have a more stable environment. In America, capitalism has shaped our nation to be a leader in the global financial markets. Even though our deficit is enormous, we are a key player in global trade and investments, and can help influence other nations to trade. When economies become more open, capital flows through nations because of competitive advantages, allowing benefits for everyone. Nations who cannot tap into globalization will fall behind and will not be able to hang with nations that are growing at exponential rates by opening their economy.
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