http://www.youtube.com/watch?v=pc6IonDlMPY&feature=related
Globalization
I posted this video to talk about "Globalization". It is a term that has become very popular in recent times. It is a concept with many differing definitions. Thomas L. Friedman, author of The Lexus and the Olive Tree, describes globalization as a movement that enables individuals, corporations, and countries to reach around the globe farther, faster, deeper and cheaper than ever before. Globalization is the spread of free market capitalism to virtually every country in the world. Countries are encouraged to allow free trade, privatization and competition. Basically, it involves worldwide integration of both economic and political ideals. Globalization is becoming more popular and more accessible mainly because of the recent advancements in technology. Many believe it to be a positive phenomenon, while others believe that it is very bad.
The rise and spread of globalization has brought along with it many supporters and opponents. Benefits of globalization are that it creates jobs, generates prosperity, raises standards of living all around the world and much more. When companies do business in other countries more jobs are created. Companies such as Nike, Levis, Coca-cola are constantly building factories in less developed countries, such as Indonesia, Vietnam, Dominican Republic and many more. These factories are providing jobs for thousands of people who would otherwise not be able to find work anywhere else. This can be beneficial for the overall economy of the country as well as the individual.
Although many supporters view globalization as a positive thing, there are also many opponents who believe the opposite. Some negative arguments of globalization are that it deteriorates the environment, causes a loss of governmental sovereignty and a loss of jobs. The most controversial argument, however, is made by human rights activist, which say that globalization takes advantage of less developed countries by violating human rights. Many feel that large companies are taking advantage of poor countries by building "sweat shops", which pay employees less than the minimum wage and violate labor standards. Many claim that workers are treated inhumanely by being forced to work in substandard conditions.
Globalization
I posted this video to talk about "Globalization". It is a term that has become very popular in recent times. It is a concept with many differing definitions. Thomas L. Friedman, author of The Lexus and the Olive Tree, describes globalization as a movement that enables individuals, corporations, and countries to reach around the globe farther, faster, deeper and cheaper than ever before. Globalization is the spread of free market capitalism to virtually every country in the world. Countries are encouraged to allow free trade, privatization and competition. Basically, it involves worldwide integration of both economic and political ideals. Globalization is becoming more popular and more accessible mainly because of the recent advancements in technology. Many believe it to be a positive phenomenon, while others believe that it is very bad.
The rise and spread of globalization has brought along with it many supporters and opponents. Benefits of globalization are that it creates jobs, generates prosperity, raises standards of living all around the world and much more. When companies do business in other countries more jobs are created. Companies such as Nike, Levis, Coca-cola are constantly building factories in less developed countries, such as Indonesia, Vietnam, Dominican Republic and many more. These factories are providing jobs for thousands of people who would otherwise not be able to find work anywhere else. This can be beneficial for the overall economy of the country as well as the individual.
Although many supporters view globalization as a positive thing, there are also many opponents who believe the opposite. Some negative arguments of globalization are that it deteriorates the environment, causes a loss of governmental sovereignty and a loss of jobs. The most controversial argument, however, is made by human rights activist, which say that globalization takes advantage of less developed countries by violating human rights. Many feel that large companies are taking advantage of poor countries by building "sweat shops", which pay employees less than the minimum wage and violate labor standards. Many claim that workers are treated inhumanely by being forced to work in substandard conditions.
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