Politics of Globalization Essay Example | Topics and Well Written Essays - 1750 words

Politics of Globalization - Essay Example The increase in foreign inventory and trade deficit are blamed for the decrease in wages, decrease in incomes, and the exploitation of low income workers in developing nations. In addition, conservatives in the United States believe that government regulation affects the country’s economy, therefore recommending that the market should have the freedom to regulate itself. The conservatives argue that excessive government regulation leads to a crowd-out situation (test item 2, p.4). Globalization has also transformed the world, an issue that raises concern on the rising irregularities; for instance, illegal drug trade in Mexico, gang violence, human trafficking and the import of tainted drugs and food from foreign countries such as China. These are the negative effects of globalization, which could cost loss of innocent lives; Mendelson adds that the government should intervene through creating a balance in competition, and control globalization (test item 2, p. 3). In addition, the hunger for energy or natural resources leads to unfair competition, and global race, which may create instability of nations. Moreover, globalization can be viewed as a zero sum game, mainly because growth of jobs and opportunities in the fast developing nations like China makes them winners, while high levels of unemployment and poor living standards in some states like Indiana, in United States, result in such states being losers. In addition, globalization is said to create inequality among countries, as the developed nations continue to succeed.