Reading response of the reading Living in a Globalizing World Essay

Reading response of the reading Living in a Globalizing World - Essay Example The people living in United States, gets affected by the affect of globalization on the economy. The positive aspect of the US economy is to generate profit through expansion of industrialization but the adverse aspect is that it leads to the increase in the number of the outsourcing by declining the number local jobs (Crawford and Fogart 1-137). The inequality in sexism, racial prejudice is creating a big chaos in the society and also affecting globalization. With the advent of globalization, few negative aspects such as number of sex trafficking and discrimination of the people on the basis of the race has increased worldwide. s. The institutional racism also gets influenced through globalization due to the integration of the diverse culture. Conversely, many people have adopted orphan children, who belong to different racism for providing them better life (Crawford and Fogart 1-137). The term wealth means the property of an individual, which is earned by the person throughout the life. However, wealth not only provides materialistic happiness but also non-materialistic aspect. Wealth is also the satisfaction, which comes out from the mental peace and happiness. In present scenario, people feel that the people who spend time with their family are happier than any other financially rich person (Crawford and Fogart 1-137). To be an ethical consumer the person needs to adopt the fair trade, which is paid to the worker as workable wages. The role of ethical consumer is to provide support to poor farmer by purchasing food products from them. The customers need to be aware about the money and investment procedures (Crawford and Fogart 1-137). There are some countries are still lacking in its economic nature. The main reason behind this poor situation is inequality in the British colonials. The people who belong to elite class lead different life from that of the poor people. These may lead to