Political Economy (Canada and the Global Political Economy) Essay - 1

Political Economy (Canada and the world(prenominal) Political Economy) - Essay ExampleWhat be the arguments supporting and against globalization? Is it possible for Canada to make surplus grapple and globalization benefit all stakeholders in the country?In support for globalization, Lynch (2010) points out that globalization and free trade has increased the economic opportunities in developing countries. Free trade increases the ability for unusual companies to venture into new countries. For developing countries, foreign companies increase employment opportunities for both foreigner and topical anesthetics. This minimizes competition in the job market. On the other hand, free trade increase the export opportunities for developing countries. Consequently, this fosters the growth of local companies. Globalization also expand the business opportunities in both developed and developing countries. Developing countries are provided with advanced technology and experience in creating products that are desired and significant in the global market. The deputise of technology improves the potential of local companies to compete fairly with international corporations (Lynch, 2010).Lynch (2010) is of the assumption globalization and free trade make developed nations take advantage of developing countries. In free trade, developed countries produce more than enough products and services to export to developing countries. Consequently, developing countries have it difficult to develop their admit product since their local market are dominated with entailments. The increase in imports also require the import of foreign workers. This increases unemployment competition. Globalization also increases the level of labor requirements in developing countries. For this reason, the market is required to chip in less for labor services. This is also influenced by the fact that globalization and free trade increase the fare of foreign employees. This creates disharmony in t he domestic employment market.Canada