The Benefits Of Globalization

“Today globalization is not an aspiration: it’s a reality. Only sixty years separate us from an attitude in academia that today feels risible in its narrow and parochial focus. We historians strive to constantly update and broaden our expertise to keep our focus on the vast varieties of human experience.” (Bacon 2013). Globalization has angles that argue that it is a good thing. To illustrate, job opportunities open up to individuals in developing countries, and private corporations, and open markets are providing enhanced goods and services. (GMGT 1010 TEXT 2016). It has many aspects to it, and like most systems, it is not perfect. There are many issues surrounding globalization that include: violations of human rights, inequality and

(GMGT 1010 TEXT 2016). As a matter of fact, 20 percent of the population who are wealthy account for three quarters of the world’s income; while 40% of the poorest acquire 5% of the global income. (Shah 2013). This goes to show that developing countries are at a disadvantage when money is being dispersed. These issues cannot be ignored because every stakeholder in a business should be recognized as an equal party of the corporation.

What is this issue and why is it important?

The matter in question of working conditions and labour issues surrounding globalization, showcases that businesses will do whatever it takes to keep themselves open, whether or not working conditions cause harm to employees in developing countries. This is important because globalization is the source of income for these

Firstly, countries are in competition with the global market, and once they enter the competition, they have to keep up with their opponents in order for their economy not to crash. (GMGT 1010 TEXT 2016). It seems like countries which are in competition with one another, like Canada and the United States of America, are more concerned with how their economy is doing, and who can rise to the top and being the best, rather than being concerned with the worker’s safety. To illustrate, H & M until this date is still associated with child labour in Bangladesh and Uzbekistan. (from, H&M: Violations of Labor Rights in Uzbekistan, Bangladesh, and Cambodia). “Young 12-year-old children work up to 2 hours for miserably low wages to supply H&M.” (from, H&M: Violations of Labor Rights in Uzbekistan, Bangladesh, and Cambodia). Not only is child labour wrong and unethical, but there was an incident in 2010 where their goods caught on fire, and had left 21 workers dead. (Lamarque 2016). Developed countries do not focus their attention on these issues, because they have businesses to run, and are concerned with keeping their economies in good shape. Especially in Canada where the dollar has been recently dropping, it is unlikely that there will be room for fair wages to those in the developing countries. Workers are still attending to their jobs, because they need an income under any