Essay about Globalization: History, Trends, and Technologies

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Globalization: History, Trends, and Technologies Globalization is textually defined as the development of an increasingly integrated global economy marked especially by free trade and free flow of capital, and the tapping of cheaper foreign labor markets (Webster’s Dictionary). Within this definition we can see so many vital pieces that need to coexist in order for it to be a truly globalized environment in this world. Globalization is term that is currently being used more frequently but it doesn’t mean the early forms of it were not already in motion. From the early second century BC, “silk roads” were being formed which traded goods from one part of a country to another. Early empires were thriving on globalizing their countries by…show more content…
Some of this may seem unfair but still not unlawful. However, a hand full of industries tends to be wooed by the idea of cheap labor and fall for the unethical practice that is using sweatshops. The sweatshop is both metaphor for and proof of the lawlessness and inequities of the new global economy. To keep labor costs low, apparel shop owners usually pay workers a “piece rate.” That means workers don’t get paid by the hour. Rather, their wage is based on the number of items—shirts, shoes, socks—they complete in a shift. Despite the outliers of sweatshops that still arise every now and then, outsourcing work has really benefitted the entire world for the long run. It has provided skilled yet poor people who have not had an opportunity to implement their skill though they are paid less for it on the grand scheme. It still allows them to have a standard of living. It also allows consumers to purchase goods at lower costs than if the job was not outsourced increasing purchasing power. Globalization accelerates the change of technology. Each moment, a new technological advancement is being made. The speed of improvement occurs so rapidly many people are always playing catch up, trying to procure or renew their new devices. Technology is now the
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