Why U.S. Companies Aren't So American Anymore

This article highlights the different effects that globalization is having on America. Many people think that globalization is bad for their country because it has taken away many jobs from americans and given them to immigrants that ask for less pay or because some companies keep all products overseas to avoid paying taxes on them. But what they dont think about is the amount of money that it has brought from the expanding different markets in large growing countries such as China and India. By having markets in different countries, America can now rely on other economies to help build them up instead of only having their own declining economy to work with. This article showed some figures that shocked me. Walmart, a company that started in Arkansas gets 26% of their revenue from overseas. Nike gets 50% of their money from other countries. and the one that shocked me the most, McDonalds, the most american food chain in my mind, gets 66% of their revenue from overseas. I agree that it is good to be able to have help from other countries and rely on their economies as well. But what happens now when all of the economies are starting to tank? Does that mean that those companies tank extra hard?

The article that I read is here .