Question

What is The impact of globalization economically on the American jobs?

Answer 1

Globalization has decreased the manufacturing jobs in the US and shifted those jobs to the nations where the wages are cheaper like India and China, but it has increased the US involvement in the research and development in the market.

As US is a capital rich nation, they will have a comparative advantage in the production of goods that are more capital intensive, like the defence equipment, airplanes etc. after globalization US has seen an increase in the demand and exports of these goods in the market. But the manufacturing jobs have moved to Mexico under Nafta or to china.