Globalization Has Caused The World - 1138 Words

Globalization has caused the world to change. Globalization is the process by which the world is interconnected through technology and powerful infrastructure for the purpose of communicating and managing resources. Countries around the world have gotten closer over past few decades due to growing integration between economies. It brings the countries closer to each other and make them more interrelated through providing unrestrained trade and financial exchange. Opening up the economy to globalization can have both favourable and unfavourable impact on the country’s economic growth, environment, human capital, cultural dominance etc. The expansion of markets has created an industry that exploits millions of individuals labour in the†¦show more content†¦Organizations have embraced outsourcing principles and adopted them to help in expanding to new markets. Globalization has help the global garment industry and has enabled US multinational corporations to reduce costs and compete effectively in the global market. While the proliferation of outsourcing has been beneficial to short term growth by taking advantages of; low wages, taxes and investment incentives in developing countries, it will significantly dissolve the competitive advantages. â€Å"Structurally, more work was outsourced—thus the â€Å"ancient† subcontracting hierarchy of the apparel industry suddenly became quite modern† (Ross, 2011). The exporting of North American jobs is an issue that is important and will become increasingly so as more and more jobs are shipped overseas. Employers in the global garment industry are now having backlash by consumers due to exploited labour and terrible working conditions of workers. Over the past several decades there has been a growing struggle with workers to improve working conditions and incorporate safety in the workplace. Due to more public awareness of the horrible conditions in sweatshops corporations are pressured to improve the safety and working conditions of the workplace. â€Å"In 1951, an ILGWU historian noted that control over the â€Å"outside system of production†Ã¢â‚¬â€the contractors—had been key to upgrading garmentShow MoreRelatedThe Positive Side Of Globalization1155 Words   |  5 PagesThe Positive Side of Globalization Globalization is what unites this world. As time passes, it has become easier to communicate with people worldwide. With dedication, education and will, you can have a full conversation in a foreign language anytime. If looked at in depth, globalization contributed to the spread of your native language because it was transferred by many people. As you can see, globalization is something that can help us communicate across long distances and much more. 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