The Impact Of Globalization On The Economy Research Paper

The Impact Of Globalization On The Economy - inquiry Paper ExampleGlobalization has helped the realization of the world economy characterized with various features although some factors are not exclusive they are not present in every country on the globe. To help in gaining more understanding of globalization and the world economy, it is paramount to consider the case of japan and the US economies. in that respect is a considerably stable status of the world economy, with some economies such as Japan and US indicating an upward progression over the recent years time. More specifically America has registered a thinking(a) economic growth rated at 3.5% in 2005 and 5% in 2006s first quarter of the year. However, the reasoned economic growth was hard to be sustained following the consistent increase in petroleum prices globally as well as the extensive Katrinas hurricane devastation. However, the US government adopted present(prenominal) fiscal and monetary policies which had effect ive responses. The adopted measures helped in regaining the economic stability of the US. The economy of Japan receives a substantial economic boost registering phenomenal progression rates following the countrys continued merchandise with China. The continent of Europe has also indicated a marginal growth in the recent past. Several European Union countries have recorded unexpected growth rates economically. The establishment of the key free batch consensus including the North American Free Trade Agreement (NAFTA) as well as South Asiatic Free Trade Agreement (SAFTA) in an effort of boosting globally exercised trade