The Link Between Globalization and Poverty Essay - 2499 Words

The Link Between Globalization and Poverty The word globalization gets tossed in conversation with out even slipping our minds what it is. But what is it? Globalization is the concept of companies sending jobs overseas to those who will work for less. Globalization is the ability to go to McDonald’s in China and eat a Big Mac that tastes as if you ate it on your homeland. Globalization allows you go on Facebook to communicate with your exchange partner in Germany in a matter of seconds. However, globalization can be defined even broader that includes multiple influences. The most suitable definition would be that globalization is the collapse of barriers between countries allowing labor, goods, and services to be freely exchanged. One†¦show more content†¦Sadly, these workers are blinded sighted because of their previous job history. For example, Norberg (2014) states, â€Å"They compare the work at Nike with the way they lived before, or they way their parents or neighbours still work. And the facts are rev ealing† (p. 188). By this he is explaining that they might make fifty-four dollars a month but comparing that to their relatives wage that is a substantial increase. He then interviews a young Vietnamese female, Tsi-Chi, who works in this sweatshop. She compares her work setting to working on a farm, working under the hot sun with bugs constantly pestering you for a straight ten to fourteen hours. But factory work is definitely more pleasing when a typical day is an 8 to 9 hour shift in air conditioning. On top of that, many workers receive training and education, reduced or free meals, and medical attention. This comparison makes, â€Å"Nike sound more like Santa Claus than Scrooge† (Norberg, 2014, p. 189). Nike’s appreciation for their customers has brought many workers increased wages and Norberg (2014) insists that their increased production, â€Å"will also be possible to invest in education and health for Vietnam† (p. 189). In other words, Vietnam’s economy will begin to flourish by having the access to be on the same playing field as the United States. Therefore, they can worry more about their education and hea lth rather than their financial strains. Lastly, Norberg (2014) stresses, â€Å"ItShow MoreRelatedEssay on The Benefits and Drawbacks of Globalization1396 Words   |  6 PagesGlobalization can be defined as the ability to produce and good or service anywhere in the world using capital, technology and components from anywhere and to sell the output anywhere and place the profits anywhere - - Peter Jay, BBC Economics Corrospondent, 1996 Rather than lead to economic benefits for all people, economic globalization has brought the planet to the brink of environmental catastrophe, social unrest that is unprecedented, economies of most countries in shambles, an increaseRead MoreGlobalization Is Not A New Concept1465 Words   |  6 PagesIntroduction: In this rapidly changing world Globalization has become the way to describe changes in international economy and in world politics. Globalization is not a new concept. After world war II powerful countries tried to capture free market of developed and underdeveloped countries. 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