Washington Post: Article Analysis

Globalization is the process by which businesses or other organizations develop international influence or start operating on an international scale. According to economic and political writer Doug Bandow, “Some critics of globalization have contended that the process has helped the rich and hurt the poor. However, the best research indicates that this is accurate: ‘Poverty is falling rapidly in those poor countries that are integrating into the global economy.”. In both documentaries “The True Cost” and “Living on One Dollar” we can see how companies exploit their employees for consumer benefit, as well as the social and economic inequalities that are attached with globalization.

So far Thomas Friedman has identified three eras of globalization. Globalization 1.0 lasted from 1492 (when Columbus set sail to the ‘new world’) to 1800. Friedman describes this as when we “shrank the world from a size large to a size medium” (9). This era began discovering new lands and set up trade with outside civilizations. Globalization 2.0 lasted from 1800 to 2000 when the world transformed to a “size small” due to the industrial revolution and the expansion of multinational corporations. And finally, globalization 3.0 when the world went flat because of remarkable technological advancements. Other nations, including those in the third world category, are finally able to access vast amounts of knowledge, and their previously closed off economies are now open to provide more work for their people. The economies of these nations exploded from a large labor force and exportation, but the American economy didn’t do as great. From 2000 to 2014, the share of adults living in middle-income households fell in 203 of the 229 US metropolitan areas. Global commerce has been dominated by transnational companies that do not care for individual countries, but rather cheap wages and productivity, which undeveloped nations have. Jobs that require high school diplomas, or are plain simple, are either sold off to another country or automated. Automation is the replacement of human beings with robots or machines in order to reduce salary expenses and

Although these new technology, more like companies, enter a new land looking for cheaper work force, it stills gives the country a huge boost in the demand for low level skilled workers. In the article “In what way has globalization affected unemployment?” Marsida T. Najdeni said that “What used to be done by low skilled workers in the U.S., it is probably getting done in sweatshops across Asia. Nonetheless, these sweat shops are all these Asian workers from the other side of the world have to survive. The famous Cambodian sweatshops to us might be unimaginable, but to the people living there is the only way of making their daily bread.” meaning that the gain of these countries mean losses to some already developed countries, like the US for

In recent times it has become more and more apparent that the world has gotten much smaller due to globalization. There has also been an associated shift in where products for sale in retail stores around the world, the West in particular, are made. Indeed, many of the items that were previously made in the United States are now made in Latin America and Asia with Mexico in particular being one of the ubiquitous countries that are involved. When it comes to globalization, many are quick to point out the positive outcomes and attributes that are developing, however, neither the prevailing opinion about the subject nor the ostensible effects of globalization are monolithic. Indeed, there is evidence and scholarly opinion

Throughout history, globalization has been apparent especially since the end of WWII. As you can see based on the images shown in chapter 23 you can see defining differences and change. Based on the first image which depicts a “sweatshop” where companies from much wealthier countries produce their product due to cheaper labor and natural resources increasing the profitability of the company.This is apparent for many living in Asia, Africa, or Latin America which have caused a variety of problems such as pollution, low pay, child labor, and outsourcing. In sense, these people get the low end of globalization while other countries enjoy its convenience for its ability to substantially lower the cost of products. These countries are influenced by western culture by being surrounded by western culture due

Consumers are at the heart of globalization. Every business around the world strives to win customers by meeting their demands for a big variety of goods at the lowest possible price. In order to do so, companies try to lower the cost of their operations by relocating parts of their business activities to other countries such Latin America and Southeast Asia. This process is called outsourcing and it has two effects. On one side, it has creates jobs in those developing countries and “has helped pull more people out of poverty than any other time in human history” says Matt O’Brien, author of the article “The Biggest Threat to

In 1999, The Onion released a mock press release to satirize how products are marketed to consumers. Companies take advantage of the uneducated and gullible audiences by using jargon, exaggerating customer’s reviews, and official “experts”.

Over the years, Multinational enterprise have matured and developed into large companies that they are now part of our everyday lives. Form the use of mobile phones to the cars, personal computers and their software and even the beverage we drink, most of these products are supplied by Multinational companies. Their existence has great impact on our lives. In the world today, Multinational enterprises are powerful companies and they own resources in excess that most host countries possess. These companies are so powerful that they turn out to be power centers that can manipulate the host countries and even international organizations and at times the affairs in its home country.

This article is about several trends in the supply chain in the year 2012.Throughout 2012 there were evolutions in the supply chain technology due to companies' realization that a supply chain that is highly visible is necessary for success in the business climate today. Generally, IT trends like big data; cloud and mobile have greatly impacted the supply chain industry. Apart from these IT trends there are specific trends which were in the forefront in 2012.All these trends are related to various aspects of the supply chain.

The mounting standing of multinational corporations (MNCs) in today’s global economy has held some interest from international organizations, national government agencies and local citizens (Yang & Huang 2011: 3). MNCs have risen to prominence through mergers, procurement and setting up new enterprises, and they have operated businesses throughout the world (Yang & Huang 2011: 3). They mobilize resources, develop vertical and horizontal production networks and penetrate all kinds of markets across borders (Yang & Huang 2011: 3). These acts have changed the operations of a national economy as well as the relationships among them (Yang & Huang 2011: 3). In this essay, I will seek to evaluate the factors that empower and constrain MNCs, and thus forge and communicate the understanding of whether their structural power has been on the incline or on the decline.

It likewise means firms would have a worldwide achieve subsequently expanding the potential clients. Samsung and Lucy-Goldstar are two tremendous firms in the Korean electronic and telecom industry that profit by globalization and now 45% piece of the overall industry in these commercial ventures (Bloom, 1993). They changed low assembling expenses into a worldwide piece of the overall industry by subcontracting less vital parts of their generation operations to organizations where the economy had low work fetched and both sides could profit by it. They outsourced outside firms who had generation advancements, item plan aptitudes and notwithstanding advertising and dispersion channels (Bloom, 1993). However some contend that these advantages for apply for multinational organizations which are included in youngster work and are misusing the shoddy work cost economies. Taking a gander at Taiwan at the end of the day, a local firm Cha for Tea obtained the Starbucks ideas and made their national tea custom well known and is currently expanding in the United States and in Japan. This would not have been conceivable without the assistance of globalization (Norberg, 2006). The two principle parts of globalization included here are; the globalization of business sectors and the globalization of creation. The globalization of businesses alludes to the arrangement of isolated countries into one

Globalization is everywhere. Globalization is defined as “a process of greater interdependence among countries and their citizens.” (Carbaugh, 2009, p.2) It consists of increased integration of product and resource markets across nations via trade, immigration, and foreign investment- that is, via international flows of goods and services, of people, and of investment such as equipment, factories, stocks, and bonds. Globalization is driven by technological change and the liberalization of trade and opening up of the markets. Globalization has given a rise to multinational companies.

Globalization seems to provide impressive benefits, but some benefits prove to be dubious. In India, for the year 2010, 96.9% of the population made incomes of less than $5 a day (Poverty in India). The situation is just as dire in the local provinces of China, with 71.6% of individuals making less than $5 a day (Poverty in China). In recent years, the large trade surplus that China has accumulated stimulates an urban industrial sector that no longer creates new jobs while at the same time restricting the government's ability to increase spending to improve services and address disparities(Poverty in China). Automation in the manufacturing and agriculture sectors generally follows the appearance of multinational corporations. This lessens the need for unskilled and uneducated workers thus raising unemployment levels. Globalization, in general, is insensitive to the cultural influences that surround it; the economic structure for globalization prefers to amass cultures and indigenous civilizations into a homogenous existence, in the name of equality and fair-trading.

Today, revenues of the world’s largest multinationals exceed the gross domestic products of a host of countries, multinationals have a global reach not enjoyed by countries and private companies are increasingly being called upon to deliver services that were once the domain of governments. The power relationship between country states and multinational companies has shifted dramatically over the past 40 years and with that, the

Over the decades, globalization, "where economic integration across border allow businesses to expand beyond their domestic boundaries." (Malamud, V. & Rotenberg, Y. (2010)); has become a phenomenon that is seen across the globe. Businesses large and both small are able to compete, produce, and sell their products without limits to either demographic or geographic factors. This allows company 's to enlarge their base, their workforce, their consumers, and therefore their profits. Of course, as we learned, globalization isn 't without it 's risk that can be apparent in today 's world. As globalization does have negative impacts in disregarding needs for developing individuals in those countries, and it may