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Word Count: 533
The advantage of free trade is that countries can exchange goods and services for the benefit of both countries It also helps companies to compete in foreign countries and make decent profit Globalization is a means of doing business where countries with few capital and resource allow companies do business so their people can find jobs On the other hand companies in one country will be in disadvantage to compete with companies from other country As the result of competition for profit and consumer price satisfaction the workers also will have disadvantage by working long hours standing seven days overtime and unsafe working environmentIn chapter three authors Raw Abdulla and Adam Segal in the article Yes Globalization Passed its Peak were responding for their own agreement they did few year back They argued that the global economy slows down It is true enough that countries economy declined export from emerging countries Protectionism is growing unemployment is very high They suggest that chain the great importer and exporter country must play a great role in rescue the world economy from collapsing They advise the US government to put US domestic policy in orderIn chapter three the author Thom Hartman in the article When Americans no longer own America explains that business are crossing boarders and dealing billions of dollars business For example UK BP bought Amoco for forty eight billion Almost in every industry in US foreign companies own business Eight present of the port terminals in US run by foreign companies Everything today is driven by multinationals parts of us missiles are made in ChainThe authors Rawi Abdelal and Adam Segal on one hand Thom Hartman on the other hand argue that despite huge resentment exists towards globalization it seems it stays even bigger On chapter three pages ninety eight Rawi and Adam said Chain must play an important role in sawing global economy Author Thom Hartmann said And those thirty percent
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