Anti-Globalization

(Collins, 2015) But then continues with some points that seem more valid to me, "The general complaint about globalization is that it has made the rich richer while making the non-rich poorer"(Collins, 2015) and "Globalization is deindustrializing America as we continue to outsource both manufacturing blue collar and white collar jobs. "(Collins, 2015) Because we are in a whirlwind of globalization we loosing jobs ourselves.

Some of the major factors that affect the growing gap between the rich and the poor are the, labor markets policy, racism, technological changes, the culture, lack of proper education, taxes reforms, inequality in wages, also government facilitated initiatives can decrease or increase the inequality and some economists believe that even the globalization contributed to the increasing

Having a wide gap between the upper and lower class doesn’t benefit the economy instead has a negative impact on it. For example, according to the Washington Post, “As income inequality grows, more and more resources are concentrated in the hands of the wealthiest. So, the idea goes, the wealthiest are better able to steer policies in directions that protect inequality at the expense of growth”. Because most of the wealth is in the hands of individuals who are at the top they have the power to do things their way. On the other hand, consumer spending plays a role in the economic growth of a country.

There are so many pressing issues which results into negative consequences of the globalized world. One of such tensions is the creation of a free market economy, which promoted a self-enrichment of developed nations against the developing countries in several ways; The relationship between the corporate organizations and the policies of the world bank, International Monetary fund ( IMF) and World Trade organization ( WTO), which were constantly influenced by capitalist states and led to the transfer of investments from developed economies to developing countries that have very weak laws. These corporations end up exploiting the poor people by paying low wages and buy raw materials cheaply in order to maximize profit. According to The Intelligent Economist; it’s a market that promotes the production, sales of goods and services with little or no control from any central government agency, firms and households act in self interest to determine how resources and expenditure are determined, how production is conducted and who buys the product.

This kinds of social costs embraced as the result of the irresistible demand for economic growth, by sometimes sacrificing both the workers and the environment. The economic theorist called it as the concept of negative externalities (Barca, 2012), which entrepreneurs change the real cost of human and environmental health and safety into the third parties. Kapp ideas on the social cost and the natural behavior of entrepreneur enhanced as the fundamental of the upcoming theory, named as Ecological Economics. It is considered as the radical non-orthodox discipline because of it declining the idea which unlimited economic growth were the only possible answer for poverty (Barca, 2012). However, Salleh (Salleh, 2010) stated that the cost of production for industrial and Meta-industrial workers along with the public health is not highly as the main concern of ecological economist.

Introductions International trade refers to a country trade goods and services to another country. International trade open up the world potential market to increase producer sales quantity and increase competition on foreign country. apart from these, international trade will create job opportunity and hence reduced unemployment rate as well as positive balance of payment. however, it might bring negative effects to a country as well, therefore, government play an important role in implementing trade restriction on imported goods in order to prevent imported goods destroy the domestic market or at certain extend, monopolize the market. 94 words A ) Discuss the forms of restriction on international trade.

This is completely unfair in my opinion and really enforces the capitalistic views that many nations are run by. So, because a region has a disadvantage and are in need of help, the hierarchy will come in and help you, but at what cost? The cost of doing things their way, by their terms. In conclusion, I hope that someday there is an international financial institution that is build off of a true democracy and that not only all people have an equal say, but that all regions, no matter what their financial situation, have an equal say as

In case of lifting the ban on crude oil would result in gasoline becoming cheaper by increasing the world supply of crude oil and also that is the price set in the international market. Now, this is clear evidence on why international community gets involved. In Mankiw’s principles of economics, trade makes everyone better off. This means that if a country depends on one product which is banned in another country, the one depending on that product would be worse-off which can affect the economy in turn.

Increased free trade and communication between nations, along with increased access to technology, media, education, healthcare, consumer goods, and other resources are often considered advantages of globalization. Some disadvantages of globalization include exploitation of developing countries, cultural homogenization, and adverse effects on local economies and the environment. Globalization is a complex issue, and while some argue that it reduces global poverty, others argue that it increases wealth inequality worldwide. 3. There is great prestige in winning the Baldrige award.

However, globalization is controversial. The proponents of globalization claim that it gives an opportunity to the poor countries to grow and develop economically. On the other hand, opponents claim that free market has benefitted multinational corporations at expense of the local people, culture and enterprises. The management concepts create a significant

Globalization has many negative effects in our world. The first problem with globalization is that international trade is exacerbating income inequalities between industrialized and nonindustrialized nations. Secondly, Global commerce is dominating the corps that want to maximize profits without a regard for the development of the country. Lastly, the countries involved with globalization lower their environmental standards in order to attract foreign business investments. In order to reform globalization, the government should change the ‘rules’ because they are unequal.

While we talk about globalization, most of us would think of it as the process by which companies move their business beyond domestic and expand to other markets around the globe. It is supposed to increase the interconnection, to boost international economy, and to benefit all countries involved in the trade. However, the dark side of globalization is that it destroyed the life of people who lived in developing countries, particularly female workers. The effects are demonstrated in the film “Maquilapolis” and Lopez’s article. Since companies only take profit as their first concern, I believe female workers in developing countries were suffering mentally and physically from the negative effects of globalization because their problem was ignored