Trade Impact On Globalization

1182 Words5 Pages
The purpose of this presentation is to address the global issue with poverty and low wages. How it can have a negative consequence, which could affect communities on a political and social level. Most importantly, the domino effect is clear where you find poverty you see lack of education, which produce lack of opportunity and any other beneficial living norms.

I believe that inequality in the labor market has increased over the years. The Underdeveloped countries are at the very bottom of the global economy, with widespread extreme poverty and dire living conditions. They usually have little or no infrastructure or reliable health and other social services. I hypothesize that international trade has its effect on globalization;
…show more content…
Individuals are given the freedom to operate their business as they would want and manage their own income. It is sometime said that the widening chasm between the rich and poor is because capital is so easily shifted around the globe while labor bound to family and place is not. In the past two decades, especially we have seen a vast expansion in the legal rights of capital across borders. In other words, labor fights with the cuffs on while capital takes the gloves off.

The world trade organization is the only international organization that deals with the global rules of trade between nations. The WTO is built on WTO agreements signed by the majority of the world’s trading nations; its main function is to help producers of goods and services, exporters and importers better protect and manage their business. However, is the WTO all-good? No because it promotes domination by large countries over lesser nations, and exports low
…show more content…
About two million Mexico corn farmers face dilemma they have to compete with American mega farms which uses satellite imagery. As heavily subsidized U.S. corn and other staples poured into Mexico, producer prices dropped and small farmers found themselves unable to make a living( in poverty condition). Some Mexican farmers had to find other jobs besides agriculture to make ends meet.

“What if the U.S., for example, insisted that clothing manufactured for the Gap by child laborers not be permitted for sale here? The U.S. does not allow business operating within its borders to produce goods with child labor, so why should we allow those same businesses such as Disney, Gap, or Wal- Mart to produce their goods with child labor in Haiti and sell the goods here?” (Eitzen, D. S., & Zinn, 2012,
Open Document