These crime rings play big roles in creating instability in the society in which they function through the trade of illegal substances and establishment of large drug rings. The presence of an organized crime group in more developing nations also corrodes the local economy through
It is generally argued that globalization has made the rich richer while making the non-rich poorer. “It is wonderful for managers, owners and investors, but hell on workers and nature.” The biggest problem for developed countries is that jobs are lost and transferred to lower cost countries. Workers in developed countries like the US face pay-cut demands from employers who threaten to export jobs. This has created a culture of fear for many middle class workers who have little leverage in this global game. Large multi-national corporations have the ability to exploit tax havens in other countries to avoid paying taxes.
One thing that the article mentions is how moving goods from countries is one of the problems that is creating the poverty another is the huge migration that has been going on. “It is the gap between rich and poor within developed countries that has helped foster a deep suspicion, not just of unlimited migration, but of free movement of capital and goods as well.” (Elliot). This shows that the author expects the audience to know and understand the basic knowledge of globalization and capitalism. The audiences are knowledge about these systems because the systems are either harming them or giving them profit. Making them understand the effects of capitalism and migration in certain countries.
It is the same principle that makes any illegal substance so expensive and smugglers so rich. Driven by the high cost of procuring drugs... ... middle of paper ... ...e corruption of government officials throughout the world.” The reasons are clear: profit and power. Powerful drug cartels often join forces with law enforcement officials for a cut of the profit, and in turn, they aid and support the cartels’ illicit activities, including drug trafficking, money laundering, gang violence, extortion and blackmail. In conclusion, criminalization of certain drugs perpetuates crime instead of deterring it. Addicts end up committing crimes to pay for drugs because of their high cost, small time users and dealers have no choice but to turn to a life of crime if they are incarcerated, drug cartels break laws to retain power, and more often than not, police officials are also lured by the high markups in the drug trade.
Economically, another problem with drugs is that the money is commonly transferred out of the US to other countries for the drugs causing there to be a loss of money in America. It can also cause tension with government... ... middle of paper ... ...ine piracy really cost the economy?." . http://www.washingtonpost.com/blogs/wonkblog/post/how-much-does-online-piracy-really-cost-the-economy/2012/01/05/gIQAXknNdP_blog.html (accessed May 19, 2014). "Insurance Fraud Laws and Penalties | Criminal Law."
The economic benefits of this cruel industry have manipulated countries economies worldwide, thus further corrupting the international economy. Human trafficking as fostered into a form of modern day slavery, therefore justifying the lack of societal growth from societies where slavery stemmed.
Thus, globalization has some advantages; its negative effects could be harsh on our society. In conclusion, damaging cultures, immigration and global trade are the main factors that suffered from the harsh impacts of globalization protests against globalization have increasing, especially from poor people who receive low incomes. On the other hand, wealthy people have seen tremendous increase in their incomes. Illegal immigration had negative impacts on particular factors such as public interests. Likewise, globalization has lead people to misunderstand the concept of happiness, which altered human mind to believe that materialistic subjects are the main source of happiness.
When there is this sense of corruption many things are affected. Corruption discourages investment due to lack of business ethics. There is an increase in tax evasion as well as an increase in more “tax burdens” for the poor which is inherently wrong. Corruption leads to an unfair allocation of resources. If contracts go to the highest bidder, as opposed to the most efficient producer, then there is market failure and resources are being misallocated.
If the US closes off borders to foreign trade, manufacturing companies would feel a financial strain, causing potential job loss. Manufacturing companies in the US rely on profits from selling products in foreign markets and on many foreign goods to assemble those products. If businesses are not able to import their needed materials, then they would not be able to produce the products, both wanted and needed by both Americans and foreign buyers. Job loss would be inevitable and lead to many of the same problems seen today but on a grander scale. Job loss, homes in foreclosure, and the people who still have jobs would be living from paycheck to paycheck.
It results in both positive and negative aspects. It is often claimed that working conditions of unskilled workers deteriorate in the course of economic globalization and that jobs of unskilled workers even disappear(e.g, Heine and Thakur 2011, Stigliz 2002, Wood 1995, 1998) because of two reasons. Firstly, internationalization is supposed to increase competitive pressure. As a consequence, firms decrease wages, rationalize production processes and demand more from workers. Secondly, globalization is also believed to induce governments to deregulate labor markets to provide advantages to national and foreign investors.