In four pages this paper examines how the center of globalization has shifted from the United States to Europe and a technologically savvy East Asia. Four sources are cited in the bibliography.
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for the relationship between America and its East Asian counterparts. According to C. Fred Bergsten - Director of the Institute for International Economics, former Assistant Secretary of the Treasury
and Assistant for International Economic Affairs to the National Security Council - the United States has much to lose if it does not regain its once-solid stance regarding globalization, inasmuch
as East Asias impact upon technology - particularly in the manufacturing sector - is an ever-growing global commodity. Bergsten (2001) contends the potential
for economic conflict with East Asia is all but inevitable in light of the shift in globalizations gravitational center. Inasmuch as Asian countries are establishing "a bloc of their
own that could include preferential trade arrangements and an Asian Monetary Fund" (Bergsten, 2001, p. PG), the ultimate outcome has all the earmarks of creating a tripolar global environment.
Bergsten (2001) asserts how the only way to prevent such a detrimental occurrence is for the United States to "quell its domestic backlash against globalization and reassert its economic leadership
in the world. The new Bush administration should make multilateral trade liberalization a top priority -- or it will face unpleasant economic and political consequences as the U.S. and
foreign economies slow" (p. PG). The very essence of globalization is that of change, to relearn stable and familiar ways in order to
make room for ever-growing progress. While this concept would appear to reflect beneficial movement for all global societies, Bergsten (2001) illustrates how the relevance to many actually represents advancement
at the social, political and economic expense of myriad unsophisticated societies. As such, this dichotomy of progression has rendered globalization a much-contested concept. That the "perceived threats" (Bergsten,