Globalization Contextual Essay
Globalization affects the whole world. Positively it creates competition, therefore the buyers benefit. It also gives underdeveloped countries an opportunity to increase their economies. Negatively, it creates a larger gap between the rich and the poor. Globalization describes the process by which regional economies, societies, and cultures have become integrated through a global network of political ideas through communication, transportation, and trade. Globalization greatly benefits the countries that have the most powerful economies leaving “underdeveloped” countries with poor working conditions and exploitation of labor.
The issue of globalization is not a new problem and it remains a threat to human quality. Globalization is a process of interaction, communication, and integration among the people, companies, and governments of different nations. This process has effects on the environment, culture, political systems, economic development and prosperity, and on human physical well-being in societies around the world. Globalization creates an unfair international free market that benefits multinational corporations in the Western hemisphere at the expense of local enterprises, local cultures, and common people. Bob Peterson discusses the facts of sweatshops around the world. This information shows how globalization affects those people who do not have the minimum living conditions. This applies to the issue of young kids having to work for international brands because of the increasing need of cheap labor. Young children have to work because the wage of their parents is not enough to have the necessary to survive.
The Group of Eight is the world’s leading industrialized nations. The G8 Summit has consistently dealt with macroeconomic management, international trade, and relations with developing countries. Questions of East-West economic relations, energy, and terrorism have also been of concern. The G8 with other international organizations hold the power and the future regarding the economies around the world. With the G8, the World Trade Organization (WTO) is the organization with most power regarding trade, which greatly contributes a countries economy. The issue of the WTO holding the power regarding trading around the world contributes to the unequal benefits that globalization gives. In a study conducted by Richard Locke and Monica Romis, expose the reality of the working conditions in “developing countries”. In order to expose the reality of brand factories around the world, they studied two Mexican Nike plants. The studies conclude that most of the brand suppliers treat their workers with no respect, forcing them to work overtime with no extra pay, “at Plant B, force overtime is the norm. Individual workers do not volunteer to work extra hours… Several workers in Plant B reported that they actually work more than 60 hours per week”(Locke and Romis 2007). This illustrates that even though the WTO has the responsibility to monitor the levels conditions of workers affected by trade, it does not do a good job with it, which shows how the powers holders fail to fulfill their objectives such as “ ensuring increased transparency and predictability of relevant rules and regulations” as stated in the WTO official website.
Along with the Group of 8 and the WTO, the Monetary International Found, the World Bank and the Group of 20(which includes the G8) are the ones that control of the world economy. Arguments against this international organizations include; Tramples labor and human rights, a stacked secretive court, only serves the interests of multinational corporation, destroying the environment, adopted undemocratically, and increases inequality. The benefits, according to some, are; helps to keep peace, the organizations are based on rules not power, cuts the cost of living, we the consumers have more choices, they stimulates employment, and they encourages good governments.
Globalization is not a bad thing. The humankind makes it negative. Some ways that it can be improve by proposing a bill to demand international companies to give workers the rights they deserve as human beings.Demanding Nike and other international companies follow the Code of Conduct in ALL factories around the world. Also encourages government to set penalties to the individuals that are violating the rights/standards.Suggesting the importance of workers to people, in order for the people to start doing something about it. Hopefully governments make new laws and enforcing the existing ones, and take human life as a priority and making a positive benefit of globalization to all the people regardless of country of origin.
The issue of globalization is not a new problem and it remains a threat to human quality. Globalization is a process of interaction, communication, and integration among the people, companies, and governments of different nations. This process has effects on the environment, culture, political systems, economic development and prosperity, and on human physical well-being in societies around the world. Globalization creates an unfair international free market that benefits multinational corporations in the Western hemisphere at the expense of local enterprises, local cultures, and common people. Bob Peterson discusses the facts of sweatshops around the world. This information shows how globalization affects those people who do not have the minimum living conditions. This applies to the issue of young kids having to work for international brands because of the increasing need of cheap labor. Young children have to work because the wage of their parents is not enough to have the necessary to survive.
The Group of Eight is the world’s leading industrialized nations. The G8 Summit has consistently dealt with macroeconomic management, international trade, and relations with developing countries. Questions of East-West economic relations, energy, and terrorism have also been of concern. The G8 with other international organizations hold the power and the future regarding the economies around the world. With the G8, the World Trade Organization (WTO) is the organization with most power regarding trade, which greatly contributes a countries economy. The issue of the WTO holding the power regarding trading around the world contributes to the unequal benefits that globalization gives. In a study conducted by Richard Locke and Monica Romis, expose the reality of the working conditions in “developing countries”. In order to expose the reality of brand factories around the world, they studied two Mexican Nike plants. The studies conclude that most of the brand suppliers treat their workers with no respect, forcing them to work overtime with no extra pay, “at Plant B, force overtime is the norm. Individual workers do not volunteer to work extra hours… Several workers in Plant B reported that they actually work more than 60 hours per week”(Locke and Romis 2007). This illustrates that even though the WTO has the responsibility to monitor the levels conditions of workers affected by trade, it does not do a good job with it, which shows how the powers holders fail to fulfill their objectives such as “ ensuring increased transparency and predictability of relevant rules and regulations” as stated in the WTO official website.
Along with the Group of 8 and the WTO, the Monetary International Found, the World Bank and the Group of 20(which includes the G8) are the ones that control of the world economy. Arguments against this international organizations include; Tramples labor and human rights, a stacked secretive court, only serves the interests of multinational corporation, destroying the environment, adopted undemocratically, and increases inequality. The benefits, according to some, are; helps to keep peace, the organizations are based on rules not power, cuts the cost of living, we the consumers have more choices, they stimulates employment, and they encourages good governments.
Globalization is not a bad thing. The humankind makes it negative. Some ways that it can be improve by proposing a bill to demand international companies to give workers the rights they deserve as human beings.Demanding Nike and other international companies follow the Code of Conduct in ALL factories around the world. Also encourages government to set penalties to the individuals that are violating the rights/standards.Suggesting the importance of workers to people, in order for the people to start doing something about it. Hopefully governments make new laws and enforcing the existing ones, and take human life as a priority and making a positive benefit of globalization to all the people regardless of country of origin.