Globalization Has Done a Lot of Great Things for Americans

Globalization has delivered many benefits to those living in the United States and elsewhere around the globe: Panos Mourdoukoutas offers a quick summary: “It has helped America win the war on communism. It has freed Americans from government regulations and militant unions. It has assigned America the role of the world’s best innovator. It has helped America sustain its lead as the world’s largest economy.” Mourdoukoutas goes on to add that globalization provides more product choice at lower prices, while industries including telecommunications and utilities rely on government regulations to evade global competition. Globalization rewards individuals and nations with a comparative advantage. Those who fear competition and change resist global connections and innovation. – YaleGlobal