Globalization workers fate in the hands of multinational corporations, owners of these companies always find ways to save costs; Thus, manufacturing and service industries began to lower wage demands transfer of emerging markets, so more American middle class started by the threat of unemployment. It was believed that “globalization is Americanization” of the people began to clear, the “double-edged sword” is not only one side had the cutting edge.

Since 1990, 20 years, the U.S. economy grew by 60%, which is equivalent to the median income of U.S. citizens increased 6 times. Americans rely on to borrow money from banks and buy cheap imports from emerging markets, commodities, and lived a life consistent with the dream.

For a long time, this also makes a happy life on their own assumptions Americans have more confidence, that is, “Globalization and free trade is a good thing.” However, despite the Americans themselves are not aware, this assumption there is also a prerequisite of political economy, that is, globalization and free trade must be for their own national interests.

Now, five years after graduation to start this hypothesis, globalization began to hurt the U.S. economy. Wall Street analysts to the United States from the experts and scholars, are predicting the U.S. will irreversibly in decline.

As a result, Americans are not happy, they began to rethink the “global” meaning of the word. Volcker was Fed chairman and even to boost international cooperation in the world economy has made pessimistic judgments, because the United States and other countries internal politics “under” more difficult for countries to achieve cooperation. He publicly stated that no future international cooperation to build a satisfactory world economic order are remote.

The Fed had to come forward at this point, the face of faltering economy and incompetent government, open a new round of quantitative easing in the valve. However, this strategy seems to be the world’s attention, “a laughing stock.” The fact is that recovery is just a continuation of quantitative easing from the Greenspan era the Fed has so far adopted the policy. When the economy is weak, the Fed exercised lax incentives; facing the bubble, the Fed can not do anything.

In addition, sluggish economic growth, lingering high unemployment rate, which in many developed countries, igniting a protectionist sentiments. But protectionism not only in self-defeating, and is likely to be futile. Because the result of the exchange rate issue is trade, not trade a starting point.

The bleak economic situation, obviously can not blame the head of globalization.

In the process of globalization over the past decade, the U.S. economy has fundamentally changed. With jobs and industry to the production of low-cost transfer of emerging markets, the unemployment rate is naturally increased. But the Americans not only failed to seize this trend, another way of allocation of resources, nor the development of new strategies and industry, but the Fed to continue to relax the policy, the results bring a wasteful and false housing bubble. Moreover, this loss of jobs has occurred in the worst period. Facing foreclosure, soaring health care costs and job search without results of the U.S. consumers are more reluctant to consumption, which increased the downward pressure on prices, contributing to global deflation.

Americans are not received no benefit from globalization. In fact, during the financial crisis, the U.S. economy through globalization, the crisis passed a lot of risk to other developed and developing countries. When the United States keep down the value of fixed assets, other countries in U.S. dollar assets are shrinking.

“Globalization is a double-edged sword”, this phrase familiar to most situations is used to describe the less developed economies “by globalization” process encountered a lot of flow, but hope in the future to have received benefits of a subtle mind. However, globalization is now this “double-edged sword” is really more effective, not only hurt “by globalization,” the party, even the original rules of “active globalization” of the party felt its power.

A few years ago the Ministry of hot chip house There is a popular saying: “Chu Laihun always have to repay.” Groan on the United States in the many benefits of globalization, mixed for so long, but do not have the mentality that imbalance.

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