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The Tripartite Effect of a Globalized Economy

by Wayne Kueh (113305054)

Globalization has played an integral part in forging my identity and lifestyle, as without it I would not be who I am today. In the 1980s my parents immigrated to the US from Southeast Asia, and as a result I grew up amidst two diverse yet equally rich cultures. We frequently visit internationally themed supermarkets such as Grand Mart and 99 Ranch, who import exotic foods and ingredients from my parents’ country and many other countries as well. This makes it possible for myself and others to enjoy their native cuisine at an affordable cost.

My extended family has been irreversibly impacted by globalization, as they are spread out all across the world. For instance, my cousin went to Switzerland to attend university, and several aunts and uncles are based out of Australia and China while they expand their businesses. This is made possible due to the individual empowerment and free flow of labor aspects of globalization, each branch of my family striking out on their own in search of opportunity. It’s difficult for us to keep in touch with one another, but we manage using communication technology such as Skype to make video calls over the Internet.

Globalization has both positive and negative consequences for the US. It’s improved our longevity, as Han Rosling’s “200 countries, 200 years, 4 minutes” video shows the US as one of the countries whose average lifespan has increased from 40 years to 75 since the 1800s. Yet at the same time the sheer mobility of capital has also made the world a more dangerous place. According to the NIC’s Global Trends 2030 report, advanced technological weapons are now readily accessible to individuals and small groups, and there may be many such militant groups that bear animosity towards the US government or its citizens.

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