UNIT 2 DISCUSSIONS
Since the end of World War II, the globalization of world markets has been increasing.
The main characteristics of globalization include free flow of goods and services
(International trade), and capital (foreign direct investments), less government intervention,
and regional and global integration. In addition, globalization is strengthened by cross-
national cooperation and institutions such as the World Trade Organization, the World
Bank and the International Monetary Fund. Globalization is supported by the argument
that international trade and foreign direct investments result in a better allocation of
In the last few years however, international trade and foreign direct investments
have been challenged as a growing number of governments have been questioning the
benefits of free flow of goods, services, and capital. In particular, the United Kingdom has
left the European Union (Brexit), the North American Free Trade Agreements (NAFTA)
has been revised, the United Stated is threatening to reduce or even eliminate its
contributions to international institutions. As a result, tariffs have started to rise, and
multinational enterprises are under increasing pressures to reduce their operations in
foreign countries and invest more in their home countries.
Question: Do you favor globalization of world markets?
-Your answer should be one single-spaced page or less (but at least 10 sentences). Also, cite inside your answer (e.g.: MacMillan, 2020) two recent articles (no older than 2018) from business periodicals such as Business Week, Forbes Magazine, Fortune Magazine, Wall Street Journal, Financial Times, or any other relevant popular press (no textbook, Wikipedia, or academic journal). At the end of your answer, provide complete references of both articles.