Olivia Barr, Question 3, Chapter 12

This chapter left me a bit concerned for the future of the American economy because people are so often misled by logical fallacies that make economic globalization seem a net negative, while in reality it is good for people both within the United States, and abroad. Globalization gets a bad reputation within the eyes of people who do not have a basic understanding of economics, or buy into media slants on the negativity of globalization which only adds fuel to the fire of economic ignorance. If this pattern continues, and finds its way into the platform of a president that is elected, then the American economy could be destroyed within a single term. In short, if people continue to overlook countries like India and China who suffered in closed economies, and have become major world economies in relatively short amounts of time after opening their economic boarders, then the American economy could easily regress beyond the level of the great recession.