Analysis Of The Noble Feat Of Nike

The article “The Noble Feat of Nike” by Johan Norberg is to show us the impact of the Nike in third world countries like Vietnam. It is a well published topic that multinational companies like Nike are make huge profits while paying their employees next to nothing lot of people find this unethical and some even call that this is slave labour so a lot of people have boycotted Nike. This article gives the reader an insight on how companies like Nike gain maximum profit by being located in a third world country or in a communist country like Vietnam. Nike maximises their profit by paying the employees in such countries a fraction of what they have to pay in their home countries by taking advantage of their poverty but the author calls Nike noble

Nike is able to pay the work five times more wages as the price of a pair of shoes is almost a hundred times of that of what they are paying them. a local company can never do that and will never be able to pay as much as Nike as their products are meant for local people and hence have to be cheap to make the products cheap and to compete with Nike is hard a local company has to sell hundred shoes to make the same amount of money Nike does when they sell a pair of shoes .In a financial pint of view Nike has made a wise decision by outsourcing their factory to a third world country where the cost of production is low and production is high but morally this is wrong, the same company does not play these kinds of tricks on the Western countries because of their advancements compared to that of third world countries. If they do the same thing in a Western country it would lead to protests, and riots for better wages, while the third world countries have no option but to deal with the injustice in order to support their family and educate their

The author being swede has no idea of the socio economic impacts of companies like Nike on third world countries. I would have to agree that the workers conditions have improved, but looking at the big picture I was alarmed with more and more multinational companies coming in to follow the Nike model all the local companies will be out of business not being able to compete with huge companies like Nike in case of Vietnam as the number of people go and work for companies like Nike few people will work in the farms and which will cause a shortage in basic essentials like food and then companies will take advantage and start selling products bought from other countries at a price more than what the people can pay and this is a vicious cycle . although people might feel that their lives have improved for now they forget to see the big picture and not so far in the distant future they will realize the how they have been exploited .from the beginning of time they are always people who were exploited but as days go by the way that they are exploited gets more and more complicated and by the time people realize it is going to be too late. They are able to get education now and afford better lives for themselves and their families but by completely ruining their countries