VS

By Sarah & Ishan

Negatives (IS)

Wealth Inquality (IS)

-The emphasis of globalization is put on the rich getting richer and the non-rich poorer. Great for the investors, owners and mangers but to the contrast for the environment and the workers. -Large corporations involved in globalization are also using other countries to exploit paying taxes and benefit even more.

Exploitation of workers (IS)

-These Multinational corporations are also accused of unfair labour practises and societal injustices (Cheap labour wages, poor working and living conditions). -Including the disregard for the environment, improper use of resources, and harm to the ecosystem. -Labor has been exploited as a result of globalization. Inhumane working conditions are often used for prisoners and young children. To make affordable goods, safety norms are disregarded and an increase in human trafficking as a result.

Loss Of Jobs (IS)

-Also one of the major concerns from globalization is that jobs are being taken from developed countries and being exported to lower cost countries by these such corporations to lower their expenses and increase profit margins. -Workers in developed countries such as the US have to face pay cuts from their employers who threaten to take away jobs to other countries for cheaper. -This has created fear for the workers that have little leverage in these situations such as the backbone of most developed nations, the middle class.

GLOBALIZATION

Positives (SP)

Job Opportunities (sp)

Globalization helps lift people out of poverty by hiring workers all around the world to work for them. For example, Statista Canada stated that H&M had around 126,376 employees worldwide in 2019. This positively impacts globalization because it benefits both parties; the company gains more workers and people looking for ways to make money, get employed. (SP)

NAFTA (SP)

Globalization helps with free trade among many nations such as the NAFTA agreement. NAFTA is an agreement which imports and exports goods without tariffs to help increase the business investment. NAFTA has helped increase the competition in the U.S, lowered costs, and increased productivity. NAFTA added around $80 billion, to the U.S. GDP once it went into work. NAFTA helped grow the U.S economy. (SP)

Access To Foreign Goods (SP)

Without globalization, we would not have access to things such as tropical fruits and different clothing brands. For example avocados are grown almost entirely under the tropical temperatures of Mexico, the Dominican Republic and/or Peru. Avocados were started by being grown and distributed in small quantities to provide to the local populations but today, things like guacamole and avocado toasts are found almost anywhere all around the world. (SP)