Examine how globalisation has resulted in winners and losers (15)

844 Words Feb 12th, 2014 4 Pages
Examine how globalisation has resulted in winners and losers (15)

Globalisation is the process by which the world is becoming increasingly interconnected as a result of massively increased trade and cultural exchange. Globalisation over the past hundred years has undoubtedly made the world more interconnected including closer societies, politics, economies, cultures and the environment. Globalisation has increased the production of goods and services. There are those who argue that globalisation creates "winners" and "losers," as some countries prosper, mainly European countries and America, whilst other countries fail to do well. For example, USA and Europe fund their own agricultural industries heavily so less economically developed
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The primary economic winner in recent times from McDonald’s globalisation process has been East Asia, as in 1975 when McDonald’s opened it first restaurant in Hong Kong, it brought with it a high standard of professional service and the first restaurant to continually offer a clean eating environment, which customers came to demand from all restaurants later. Another winner of the globalisation process, are the third world workers employed by transnational corporations. Although the western world sees sweatshops as immoral and unethical, the labourers who work in these places are often being paid a higher wage than most of their fellow citizens. This means through the economic globalisation process and cross border corporations, workers in developing countries have the opportunities to survive and beat the poverty cycle.

While there have been many winners from economic globalisation, there have also been and will continue to be many losers. There have been many losers including most third world countries, the environment and ironically even most western countries. The primary loser from globalisation has been the developing countries, who have supplied the labour and raw material necessary to fuel globalisation. In many third world countries, globalisation has had the negative effect of creating sweatshops, where workers are paid low wages to do hard manual labour in often poor conditions. These sweatshops are run by…