Comparison between the effects of globalization on the USA and Saudi Essay - 2

Comparison between the make of globalization on the USA and Saudi Arabia economics - Essay ExampleCountries, which previously depended on their avow resources for the production of goods and services, are now able to choose from one further option. They can purchase cheaper materials take aim for production. Hiring cheaper or more advancedly skilled labor that is available in a different outlandish is now a feasible option. Even simply buying finished products from different countries is possible imputable to globalization. While on the surface, this relaxation seems to help nevertheless the hoidenish that is able to avail these goods and services, this is not the case. It is authentic that the field importing the goods is able to take advantage of the lower prices of raw material, services, and products in the other countries. This country is most often a developed country. On the other hand, the country it imports these cheaper goods and services from are commonly devel oping. This liberalization helps the exporting country as well. This is because these countries develop excess of these goods and services. For example, many developing countries will have an excess of unskilled labors, and not enough employment opportunities for them. This would not only result in unemployment, save also an economy in recession. To be able to use this excess labor to fulfill the need for cheap labor in other countries is a considerable benefit to the developing country (Stallings, 2001).The liberalization that accompanies globalization can also result in several problems for the country, which need more immediate attention. For instance, the high development that liberalization in trade will cause will result in that countrys carbon dioxide emission increasing inevitably. The emission of carbon dioxide (CO2) is an example of how this high growth in the world economy would be detrimental to the natural environment. Issues like global warming and pollution would on ly be aggravated due to this effect of globalization, and seems to decrease the importance of stressing on a high growth strategy. Another issue