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 Federal Reserve Bank of San Francisco 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 FRBSF, Parry has great experiences and incites that could help the economy. He begins by using logos to further his ethos so people will then accept his latter solutions to problems he has spoke of. Analogies, tone and diction all help Parry verify and show his audience that what he saying and poses are true. He wants the American public to know that there are solutions to economic problems and that people need not fear but act.