The World is Still Much Better Off Interconnected Despite the Challenges (Essay Sample)
THIS ESSAY EXPLORES GLOBALIZATION AND ITS BENEFITS AMIDST A RISE IN NATIONALISM. ONE OF THE BENEFITS THE ESSAY HIGHLIGHTS IS WEALTH CREATION, AND USES CHINA AS AN EXAMPLE. By the end of 2018, CHINA'S GDP stood at $62,794.59, an exponential growth that followed a more liberal approach to trade. In the same period, China which was a third-world country is now the second most powerful economy in the world.
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The World is Still Much Better off Interconnected despite the Challenges
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The World is Still Much Better off Interconnected despite the Challenges
Since the outbreak of COVID19, globalization has come under pressure. The breakdown of global supply chains has brought down entire industries and exposed production weaknesses at the national level. As a result, populist leaders all across the world have got fuel for their anti-globalization calls. However, these short-term issues aside, globalization remains the best bet for a more prosperous and healthier world. Globalization is the reason behind the global prosperity and the political stability that the world has enjoyed since the 1970s.
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