Integrating Globally

       I believe that integrating the global economy would be a positive move. Integration has dates back to the 1500s in Europe and 1930s in the United States. Right now I am currently enrolled in a history 112 class which teaches about western civilization since 1500. A big goal of the leading country of France at this time was to nationalize all of the nations. They believed the countries would be more successful as a whole rather than individually. Since World War II globally, General Agreement on Tariffs and Trades (GATT) and the World Trade Organization (WTO) was formed. These are the first steps to integrating the global economy. There are many political benefits for global economic integration. In chapters 4 and 6 we learned that there are economic gains when firms from different countries can freely trade and engage in foreign direct investment (FDI). Unfortunately, these insights were not accepted by our government until post WWII.
     I agree with economists when they say that the general goal to integrating the global economy is to promote world peace. Integrating globally would promote peace because generally people who purchase and sell to each other are usually reluctant to fight or kill each other. Global economic integration also seeks to build confidence. If governments are confident that other countries will not raise trade barriers they will not be tempted to do the same. The three main reasons I think we should integrate global economy includes that we can handle disputes constructively, it makes life easier for all participants, and global economic integration raises incomes, generates jobs, and stimulates economic growth. There are always two viewpoints to every situation. However in this case I am focusing on the advantages of integrating the global economy. I think more good then bad can come of it.