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Globalization: The Good, the Bad, and the Ugly

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Globalization: The Good, the Bad, and the Ugly
Some key point
- Most of the people in the country can be employed therefore a lower unemployment rate.
- Child labour law is violated and government not doing enough to ensure law is enforced
-They are prone to employer abuse without easy way to protect themselves as law is not on their
side
- Countries have made it easy for multinational companies to control their labour market due to
the large investments the companies have made into those economies.
-Developing countries often lack the framework of laws, policy authorities and this could result
in the exploitations of workers and environmental practises that are harmful to human welfare
and therefore instead of decreasing poverty, it increases it.
- Sweatshops violate the rights of workers.
- Political leaders may not be protecting their people with legislation that prevents the
exploitation of people.
It is true that in general living standards for poor countries are not catching up with the rich ones.
However reducing such extreme poverty must be a priority. For example, those who are catching
up with the rich .i.e. South Korea, 30 years ago it was a very poor country; now it is as rich as
Portugal or considers China, where 100 million people have escaped from poverty of the past
decade. It is important to people who are in between poor and rich who have the medicine, food,
clothes, electronics and technology made and known all over the world. People also have the

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opportunity to have shared ideas, experiences and lifestyles of people and cultures. People can
experience food and other products not previously available in their countries. TNCs help
countries by providing new jobs and skills for unemployed and local people. Globalisation can
help make people realise the awareness of global warming and deforestation and alert them to a
need for sustainable development.
On the other hand globalisation could be seen as a bad impact to the world. It’s operated by
mostly in the interests of the richest countries, which continue to dominate world trade at the
expense of developing countries. The LEDCs in the world market mostly provide the North and
West cheap labour and raw materials. Often, most profits are sent back to the MEDC where the
TNC is based. Globalisation pollutes the environment due to factories in LEDCs and the
transports. They’ll run risks with safety or impose poor working conditions and low wages on
local workers. Also it is viewed by many as a threat to the world’s cultural diversity, and is
feared that it might drown out local economies, traditions, languages and simply recasting the
whole world in of the capitalist of North and West. For example Hollywood films far more likely
to be successful worldwide than one made in India or China, which also have growing film
industries.
Overall I think globalisation is seen as quite bad although we need the knowledge all over the
world. It is a matter of fact of life and that people will suffer, therefore there is no doubt that
globalisation has both good and bad effects towards people and the world. But the disadvantages
of globalisation could be reduced the responsible authorities provide the best solution to curb this
problem.

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Globalization: The Good, the Bad, and the Ugly Some key point - Most of the people in the country can be employed therefore a lower unemployment rate. - Child labour law is violated and government not doing enough to ensure law is enforced -They are prone to employer abuse without easy way to protect themselves as law is not on their side - Countries have made it easy for multinational companies to control their labour market due to the large investments the companies have made into those economies. -Developing countries often lack the framework of laws, policy authorities and this could result in the exploitations of workers and environmental practises that are harmful to human welfare and therefore instead of decreasing poverty, it increases it. - Sweatshops violate the rights of workers. - Political leaders may not be protecting their people with legislation that prevents the explo ...
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Very useful material for studying!

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