The Sham of all Scams!!!

Globalization: The Process
Met with Age-Old Controversy
Unemployment, no substantial alternative job and no savings are what many U.S. workers face when globalization hits their town. This is why the majority of blue-collar workers are against globalizing markets; it has the tendency to cause jobs to go to over-sea workers. On the opposite side of the spectrum, economists view globalization as a great way to making better products more efficiently, saving money. In the article “Globalization: Threat or Opportunity for the U.S. Economy” written by Robert T. Parry, he illustrates the pros and cons to globalization. The main purpose of this article was for the Hawaii Society of Investment Professionals in Honolulu to see the problems and also successes of globalization in the U.S. economy and then pose some solutions to make the benefits outweigh the problems. As a past CEO of the Federal Reserve Bank of San Francisco, Parry has great experience and knowledge that could help the dwindling economy. He uses logic to further his ethos so that members of the HSIP will accept his solutions for the economy that he talks about in this article. He knows that he must first establish himself as a credible theorist on the economy. So his main strategy is logically illustrating the pros and cons of his argument and then stressing that the cons can be neutralized, making globalization a great solution for the down turning economy.
Parry begins his article by using a logical title for himself: “monetary policymaker”. Just the use of this title alone boosts his ethos because it is implies that he knows a lot about economic struggles and triumphs. This use of diction shows the audience that he really is not just some economist speaking about the economy, but has real hands on experience and knows how to make the economy more efficient. This short statement boosts his ethos so that the HSIP will continue to listen to what he is saying and proposing. Parry really wants to nail down the fact that he knows a lot about the economy and his solutions to problems will bring lasting success. As a writer about the effects of globalization, it is essential to first make the audience trust your experience so that they know what you’re saying is not just mere speculation.
Parry goes on to pose questions that he answered logically through his article. He then defines and explains the main terms focused on in globalization. These terms are free trade, outsourcing and offshoring. Parry uses many analogies to help bring meaning to terms that can seem abstract at times. He gives the analogy of a family, symbolizing how free trade works in a nation. Families don’t make everything they use; they use money to cut costs. To Parry, a country works no different. A country can’t possibly make all products cheaper than anyone else can, so they have to buy products from abroad. The use of this analogy helps many of Parry’s audience to further gasp the concept of free trade. Also, this analogy helps define what Parry’s view of free trade is. There are many definitions to this term, so stating that it is trading for needed goods helps bring further acceptance to Parries argument.
To help the HISP understand outsourcing and offshoring, he uses more analogies that logically fulfill his purpose of bringing conformity and approval of his solutions. He gives the example of Michigan car manufacturers who buy brake pads from Ohio suppliers and not same state suppliers. The reasoning behind this is to cut cost and bring in revenue. Similar to offshoring, outsourcing to Parry is a, “global cousin”. Parry uses the analogy of firms that purchase services from overseas providers and not same nation providers. The idea behind this practice is to also to lower cost, increasing profit. These analogies really do help the audience grasp the concept of these two terms. With unanimous understanding of what Parry is talking about, he can move on to propose solutions that can better the U.S. economy and the HSIP will agree on them. This is the sole purpose of Parry’s speech; he wants to show the world that really there is something that can be done in this economic predicament.
Parry also knows that to make the HSIP believe he is a credible speaker he must use hard data to logically support his claims and propositions. His first claim is that globalization causes economic activity to flow in a two way, not one way direction. A loss of U.S. jobs can also means an economic boost in activity. He gives an example to support this claim by showing in 2003 there was $77 billion worth of foreign services bought, but the real value of these services came to about $130 billion. Parry is showing that even though much foreign services were bought, the U.S. was able to use these services and make great profit. The use of this analogy supports Parry’s claims, thus boosting his ethos as a speaker. Logical appeal is the best way to boost someone’s ethical appeal. Parry knows this and this is why all throughout the whole article he uses logos to back up his claims. It is hard to deny a claim that has been backed up by proof. This helps Parry tell the HSIP that really globalization is not as bad as most people think it is.
Parry also has another claim about globalization that shows the positive aspect. He explains that free trade creates great opportunities in the U.S. because it boosts foreign economies. The demand for goods will thus increase in those countries, making increase trade with the U.S. economy. Parry makes an allusion to Dell computer factories in China. He states that when the U.S. began buying offshore computer parts, the prices for this equipment lowered costs 10%-30%. This is great for the U.S. because they can one build more computers for less, making more profits. This shows that the effect of globalization increased the productivity growth in the U.S. This allusion supports Parry’s claim that free trade helps boost the U.S.’s economy. We saw that because the U.S. traded with China, it was able to make more profit than without buying from China. With these examples of the positive aspect of globalization, Parry knows he must now bring up the negative aspects and give possible solutions. With just stating the positive aspects of globalization, Parry’s article would be a very weak argument for globalization. You need to talk about both sides of an issue to be successful. This is why Parry, now touches on the great increase in standard of living and better quality of products as a result of globalization.
Parry sets a positive and upbeat tone about productivity to help show the positive side of globalization. He explains that because of this increase of productivity in the U.S., there is a surge of efficiency in the economy. Efficiency is the key to building a powerful economy. Greater efficiency, Parry explains, creates a greater standard of living because more Americans can produce more quality products making more profit. This positive tone about productivity almost makes the reader forget the negative denotation of efficiency; reduced number of jobs. Parry even gives another analogy of internet businesses. These businesses require fewer employees and have caused many occupations such as travel agents and stock brokers to be less needed. But Parry doesn’t emphasize this aspect, but overstates that the internet increases profits and efficiency. Understating the negative effects of the internet is a great way to influence and audience to your way of thinking. This is the main reason Parry is doing this, he wants his audience to see that globalization really doesn’t have any negative aspects. Productivity, efficiency all over shadow such negative features.
The end of Parry’s article both sums up his reasoning’s about globalization and then leads logically into solutions that will make loss of jobs completely unnecessary. He explains that globalization both provides support for the economy and also generates new jobs that have been lost. He even gives a counter argument for those who are against globalization by saying that if there are measures made to slow job losses, it will limit and severely slow the economic growth. Parry explains that the only such policies that should be made to help workers that lose jobs should be ones that help them be more flexible in times change. Such policies like unemployment insurance are examples of positive aid for the unemployed.
The final solution Parry poses to the issue of globalization is a reasonable one: education. Parry does not deny that job loss will occur with globalization. Therefore, to counteract this negative aspect, he suggests that all people strive to gain as much education as possible. Parry knows that this is extremely difficult to implement and costly, but he know that if people gain sufficient education, they can be on the edge of new technology and productivity. Education provides workers flexibility and also the ability to learn new skills making them more eligible to be employed. This solution gives much hope to the working classes. Parry is not stating that people will always be out of jobs and unemployed because of outsourcing and offshoring. He is providing hope that if they will work hard and take the time to gain education, they can continue to be in the market for jobs. Parry’s positive tone at the end of this argument causes the HSIP to accept the terms of globalization, but not be distressed. He wants this feeling to be at the end of this argument so that people will believe in his solutions, maintaining his credibility.
In closing, Parry’s argument about globalization really had no particular stance for or against globalization. He did not choose any side; he stated facts and what the effects of globalization are. What he did do, purposefully, was to not stress the negative aspects as much as the positive. His reasoning: get his propositions and solutions across. Parry knew that he could never get the HSIP to believe that there was nothing negative about globalization. So he decided to point out that really globalization isn’t that bad and that negative impacts can be eased by education. Education is what Parry really wants to have his audience to remember. He puts this solution at the very end so that it will be remembered most. He wants to effect the HSIP in such a way that they will think less negatively on globalization and know that with proper education and training, no one will be left unemployed with no place to go. This is Parry’s sole purpose of the article. If the majority of people believe globalization is not a bad thing, than it can increase, bringing increased revenue and productivity to the U.S. economy. This in turn will help the nation in the long run and it will continue as a world super power.