Globalisation In Australia Essay

Besides currency manipulation they subsidize their state owned companies to target our markets, and provide funding to their state owned companies that dump their products in America.

Besides currency manipulation they subsidize their state owned companies to target our markets, and provide funding to their state owned companies that dump their products in America.

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“ • Some experts think that globalization is also leading to the incursion of communicable diseases.

Deadly diseases like HIV/AIDS are being spread by travelers to the remotest corners of the globe. Prisoners and child workers are used to work in inhumane conditions.

It should be pure business with no colonialist designs. There is now a worldwide market for companies and consumers who have access to products of different countries. Gradually there is a world power that is being created instead of compartmentalized power sectors. Most people see speedy travel, mass communications and quick dissemination of information through the Internet as benefits of globalization. Labor can move from country to country to market their skills.

Politics is merging and decisions that are being taken are actually beneficial for people all over the world. Socially we have become more open and tolerant towards each other and people who live in the other part of the world are not considered aliens. True, but this can cause problems with the existing labor and downward pressure on wages. Sharing technology with developing nations will help them progress. many jobs and always increase our trade deficit Cons • The general complaint about globalization is that it has made the rich richer while making the non-rich poorer. • The biggest problem for developed countries is that jobs are lost and transferred to lower cost countries.” According to conservative estimates by Robert Scott of the Economic Policy Institute, granting China most favored nation status drained away 3.2 million jobs, including 2.4 million manufacturing jobs.

A story in the Washington Post said “20 years ago globalization was pitched as a strategy that would raise all boats in poor and rich countries alike. And in time trade barriers would drop to support even more multinationals expansion and economic gains while geo political cooperation would flourish.” There is no question that globalization has been a good thing for many developing countries who now have access to our markets and can export cheap goods.

and Europe consumers would have their pick of inexpensive items made by people thousands of miles away whose pay was much lower than theirs.

• Multinational corporations are accused of social injustice, unfair working conditions (including slave labor wages, living and working conditions), as well as lack of concern for environment, mismanagement of natural resources, and ecological damage.

• Multinational corporations, which were previously restricted to commercial activities, are increasingly influencing political decisions.

You can’t stop it – you can only swim in the snow and hope to stay on top.

I would like to make the argument that the US should try a lot harder to swim in the snow and stay on top.