Are Developing Countries"Winners" or "Losers" of Globalization?

1899 Words8 Pages
The one thing that the world definitely needs to do is a better way of understanding globalization. Today, in the era of globalization, which concerns different aspects of life, such as politics, economics and society, it is hard to imagine the life without thousands of goods and services from all over the globe. There are hundreds of multinational corporations that are widespread all over the world, such as Mc Donald’s and Burger King, Coca Cola and Pepsi, Apple and Samsung, Nike and Adidas and others. Today grocery stores offer fruits and vegetables that were grown in South America, clothes that were made in China or Vietnam, and cars that have been manufactured in Mexico, India, South Africa or Brazil. All of that is the result of the economic globalization. The economic globalization is the process of integration of markets and interaction among people, companies and states. Multinational corporations play a huge role in globalization by opening its factories abroad, usually in developing countries, such as, China, India, Vietnam and Bangladesh, in order to find a cheap labor force, escape from taxes and environmental regulations. Multinational corporations promise countries economic development and prosperity, but in reality they put workers under terrible conditions by creating sweatshops and using child labor. Despite all the promises that multinational corporations will benefit developing countries, economic globalization and specifically multinational corporations actually widen the gap between developed and developing countries by using sweatshops, child labor and violating human rights. Therefore, it would be beneficial to impose tariffs on multinational corporations and create stable organizations that will control mul...

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