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Evan Malachosky Current Event Round 4 Globalization Mr. Wimmer Period 3 3/5/12  __ Globalization Begins at America’s Front Door __ __Summary__: China’s rapid economic growth within the past two decades has been the prized possession of the Chinese government. America has fueled China’s rise but has recently been more hesitant to send jobs overseas because of taxes and American influence to keep jobs at home. China has obviously taken a hit from these actions and their growth has begun to plateau. America is not expected to experience any losses on behalf of China’s struggle because the amount of exports the U.S. sent China only amounted to 0.6% of the United States’ income. China has had nearly three decades of uninterrupted growth but slowly China has faced the harsh reality that their growth has lost the greatness it once portrayed. The Chinese have faced their biggest struggles in the export sector. As surprising as it may seem, one of the world’s largest exporters, China is facing one of the toughest economic times that many Chinese citizens have ever seen. The growth rate of 7.5% is the lowest China has seen in 22 years. This marks a nationwide low and it is not looking to pick back up anytime soon for this nation. __Relevance__: The Great Depression, a time of nationwide panic, economic decline, and near surrender. The American people began slowly but surely dragging themselves out of the deep hole the government, and Wall Street had dug them into. As we began to stabilize our government once again, we began to expand trade, and essentially globalize our nation. The trade between the United States and Asian nations began slowly but then eventually led to the creation of the largest trade market many have ever seen. Many times in U.S. history China has been a target for economic growth. When the United States began annexing nations in order to open the door to China, we had one goal in mind: economic growth. The United States in current times has still continued trade with China and has almost relied solely on all imports to come from China and other Asian nations. In 2010 alone, China exported over 283 billion dollars in goods to the United States. This number was nearly 70 billion more than Hong Kong and nearly 9 times the amount that China exported to the United Kingdom. We have learned about American economic strategies and styles and also about trade markets the U.S. had established. This source for imports and exports is by far the United States’ largest and has been throughout American history. If China was to lose it’s economic superiority and trade power, many nations worldwide would falter and struggle to survive. The United States, much different from the past, has become more self-reliant and could survive in the upcoming years without the large influx of Chinese produced goods. __Evaluation__: In the recent years, the United States looked to be a “Profit Puppet” to the Chinese market, but America has become more self-reliant and has begun globalizing themselves in a more organized and productive manner. The article explained China’s recent struggles and I believe America’s solution to avoiding anything like this is remaining self-reliant and economically steady. President Obama recently stated, “I think we have to focus on our core strengths: American manufacturing; American energy; American innovation; the best skills and education for American workers.” President Obama’s recent renovation of our globalization plans has produced an abundance of jobs on American soil, and continues to produce them daily. The struggles of China’s economy prove to be another reason in favor of our president’s directional plans. As America advances and becomes it’s own independent trade market full of economic growth and success, China will continue to slowly slip deeper into a time of less and less power and strength. To keep America away from the Chinese trends of these past few years, the executive branch and their leader Barack Obama needs to continue to make smart economic decisions for our nation and make advances when necessary. The success of our nation is in the hands of the people and how much change they are willing to commit to.

__Questions:__ What do you believe the United States needs to do in order to prevent something like this from happening? Do you believe the United States would be the nation it is without the Chinese? When looking at goods around the house, almost everything is made in China. Have you made any effort to purchase American-made goods? What companies that you know are made in China do you think should resort to American manafacturing? What do you believe President Obama needs to do in order to prevent companies from sending jobs overseas? If the United States became solely independent, do you believe we would be successful?

__ Works Cited __ Bradsher, Keith. "In China, Sobering Signs of Slower Growth." //New York Times//. The New York Times, 5 Mar. 2012. Web. 5 Mar. 2012. . Bruce, Mary. "Obama Pitches Economic Agenda To Business Leaders." //Political Punch//. ABC News, 6 Mar. 2012. Web. 6 Mar. 2012. . "US-China Trade Statistics and China's World Trade Statistics." //The US-China Business Council//. The US-China Business Council, n.d. Web. 5 Mar. 2012. 