Americans are often concerned about the economy. People have varying viewpoints and ideas of what ought to be done when it comes to improving the economy. One of the issues that is often a subject of debate is globalization, or free international trade. Some people are for it, some against it, and others fall somewhere in between. It is an important issue because it has a great impact on the U.S. and world economies. In April 2004, an address was given on the topic of globalization by Robert T. Parry to the Hawaii Society of Investment Professionals. In May of that same year, his address was adapted to article form and published by the Federal Reserve Bank of San Francisco. The article, “Globalization: Threat or Opportunity for the U.S. Economy?”, succeeds in persuading its audience to support globalization as an opportunity for the U.S. economy by establishing credibility, using facts and statistics its audience can understand, appealing to human emotion, and using effective literary devices.
People offer opinions on just about everything, all the time. Whether or not the ideas are valued often depends on the individual offering the opinion and how they are perceived by others. When those individuals can give others a reason to value what they say, they are able to influence others and make stronger arguments. Opinions on the topic of globalization are no exception. In the article, Robert Parry makes an argument in favor of globalization and successfully gives people a reason to value what he says.