Globalization: Growth Engines and States

globalization: Obviously, these problems will never be solved by a shift away from globalization, according to Global Times China. Economic globalization is a double-edged sword, but its benefits far outweigh the costs, whether for developed and developing economies, or the world as a whole. The current global economic situation is the result of a lack of new growth engines, inadequate global economic governance and uneven development. Take a look at the benefits that the United States reaps due to its position. Moreover, foreign direct investment in the United States is adding millions of new jobs each year. Free trade has lowered the price of food, clothing and other goods that working-class Americans use the bulk of their paychecks to buy. (news.financializer.com). As reported in the news.