Final answer:
Globalization shapes our world by leading to the outsourcing of jobs and creating a division of labor between developed and developing nations. This has caused political controversy and rising inequality due to job loss in developed countries, influencing how we understand and experience global economic dynamics.
Step-by-step explanation:
The displacement of many jobs once done in North America now being done by workers in other countries is an example of how globalization shapes our understanding and experiences in the world. Globalization involves the international division of labor, where high-wage workers from developed nations like the United States are in competition with the lower-wage labor force from developing nations. This shift is often a result of outsourcing, where companies relocate manufacturing and service-industry jobs to countries where labor is cheaper and regulation might be less stringent.
Globalization has contributed to major economic and social changes, including the loss of manufacturing jobs that previously supported the working class in the United States, thereby increasing levels of inequality. The resulting political controversy has spurred debate over the role of government in creating incentives and regulations to retain jobs domestically. Additionally, corporations attempting to maximize profits while mitigating xenophobia may 'Americanize' products made abroad to maintain their appeal within the US market.
While globalization has expanded trade and economic integration worldwide, it also brings challenges such as unemployment in developed countries and the need to develop and train a labor force for new types of jobs. The changing economic landscape influences political opinions and public sentiment regarding globalization and its effects on nation-states and local communities.