Globalization and the Effect on Environment

The globalization of industries can either benefit or harm the industry. It can benefit the industries by increasing their revenue or profit, establishing their product and operation in a new market outside their home country, lowering production cost, and creating jobs for the citizens in the host country which will impact the economy dramatically. However, globalization can harm an industry if government laws and regulations prevent them from entering the host country if they feel the industry will affect the well-being of the host country, if there are laws against charging low wages below the host country standard, if import and export is low where the industry will not market their product successfully, if the citizens within the host country does not have the desire to purchase the product the industry manufacture, the industry can cause tension with the host country, or the industry may cause environmental issues that will affect the environment and the host country’s living conditions. Although globalization can either have a positive or negative effect, industries still strongly believed that globalizing the business operations will be a huge successful for the business to make their product and strategy well-known, and it can strengthen the economy of both their home country and the host country by increasing imports and exports which will result in more demand that will increase their revenue.
There have been some industries that use the idea of globalization effectively, but the still faced some key problems from entering the host country. There were some key political involvement that benefited the globalization of those industries. These industries includes, aviation, energy, automotive, jewelry, sporting good, suga...

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...als argued that they have evidence the exporters in Vietnam and around the world has engaged in unfair trade practices within the shrimp industry. The Vietnamese have more than three millions involved in the shrimp industry and they will have more to lose in the trade dilemma; however, the 13,000 U.S. Gulf Coast and southern Atlantis shrimpers will have the most to gain because of a law, the Byrd agreement, that was reached where the U.S. can impose punitive tariffs on U.S. exports. The proposed shrimp tariffs of 4% to 12% would affect imports from Thailand, India, Brazil, Ecuador, China, and Vietnam. Tran Duc Minh, Vietnam’s vice minister for trade, said “If tariffs are imposed, it will lower shrimp productions for the U.S. market and result in higher prices for consumer where the U.S. government will purposely hurt its own citizens which is irrational.” The U.S.