Our trade deficit is at a record high, meaning we are importing much more than we are exporting, and yet the unemployment rate is near a 30-year low. It is because of free-trade agreements that we are opening the world to our companies, and as a result, in America more people than ever are employed. Developed countries are also benefiting greatly by globalization. Suddenly, poor people in countries like Indonesia are being offered jobs paying much more than what they could earn before. Globalization is revitalizing these countries and dramatically raising the living standards.
Globalization is a fundamental change in the way the world works.
At times the change for people will be painful, but in the end, globalization is dramatically improving the lives of everyone on the earth.