Instructions: Analyze the individual response in accordance with economic terms and how it relates to economics.

1. How has globalization affected job prospects for individuals? (b)Do you believe it has a positive or negative effect on countries around the world?

Response

I think that globalization allows for products to move seamlessly and not labour and I think that with technology and remote work you can work from anywhere so that can have the potential to spread jobs across the world but with other jobs it may be harder to have employees from all over. (b) I think it depends on the country which affects the job prospects differently. Positive effects on countries that can employ people in that country and negative impacts where jobs are being outsourced to other countries with lower wages which can potentially increase poverty.

2.How has globalization affected the supply chain?

Response

I don't really know. I think that during the pandemic it was much harder to get materials and the fact that different countries produce different goods, I never really thought about that. My fence has been brokenfor 3 years now, during the pandemic lumber was scarce and I did not know where lumber was coming from. I think that globalization has allowed us to get things from all over the world and things like the pandemic affect the supply chain negatively

3.Who are the winners and losers of globalization?

Response:

"Everyone. Around culture and knowledge exchange we win big by interacting across the world and then there is the increasing rates of poverty that is negative"