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Jay Sawyer of Northbrook Feels That Globalization Is a Complicated Issue

u201cGlobalization has proved to be a good thing for many developing countries as it provided them access to our markets and enabled them to export cheap good,u201d says Jay Sawyer of Northbrook. Moreover, Globalization has also been good for multi-national corporations and Wall Street. However, it hasnu2019t impact working people (blue or white collar) in a good way and has led to the continuing deindustrialization of America. Calling Globalization a complicated issue, Sawyer feels that it is important to evaluate its pros and cons before drawing any conclusions.

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Jay Sawyer of Northbrook Feels That Globalization Is a Complicated Issue

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  1. Jay Sawyer of Northbrook Feels That Globalization Is a Complicated Issue

  2. Globalization – Positive or Negative? • “Globalization has proved to be a good thing for many developing countries as it provided them access to our markets and enabled them to export cheap good,” says Jay Sawyer of Northbrook. • Moreover, Globalization has also been good for multi-national corporations and Wall Street. • However, it hasn’t impact working people (blue or white collar) in a good way and has led to the continuing deindustrialization of America. • Calling Globalization a complicated issue, Sawyer feels that it is important to evaluate its pros and cons before drawing any conclusions.

  3. Jay Sawyer’s Views on Free Trade • Jay Sawyer of Northbrook says that free trade is supposed to reduce barriers, like tariffs, subsidies, value added taxes, and various other barriers between countries. • However, that’s far from reality as there are still many barriers to free trade. • Jay highlights the Washington Post story that says, “The problem is that the big G20 countries added more than 1, 200 restrictive export and import measures since 2008.”

  4. How the Infusions of Foreign Capital and Technology Benefits Poor Nations? • The infusions of foreign capital and technology provide poor nations the chance to develop economically and spreading prosperity. • It also helps create conditions in which democracy and respect for human rights may flourish. • However, Jay Sawyer of Northbrook feels that this ethereal goal has not been achieved in most countries.

  5. The Downside of Building Products Overseas • According to Jay Sawyer, one of the biggest downsides of building products overseas in countries like China is that it puts our technologies at risk of being copied or stolen. • He feels that we cannot stop globalization but we can definitely make it more equitable by putting in place some important policies and strategies.

  6. Thank YouJay Sawyer, Northbrook

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