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Essay / Globalization and its effects on the environment - 3083
The globalization of industries can either benefit or harm the industry. This can benefit industries by increasing their revenue or profits, establishing their products and operations in a new market outside their home country, reducing production costs, and creating jobs for citizens of the country of origin. reception, which will have a considerable impact on the economy. However, globalization can harm an industry if government laws and regulations prevent them from entering the host country if they believe the industry will affect the welfare of the host country, if there are laws prohibiting charging low wages below host country standards, if import and export is low where the industry will not market its product successfully, if host country citizens do not have the desire to purchase the product made by the industry, the industry may cause tension with the host country, or the industry may cause environmental problems that will affect the environment and living conditions of the host country. Although globalization can have a positive or negative effect, industries still strongly believe that globalization of business operations would be a huge success for the company as it would enable the company to create awareness about its product and strategy, and that it could strengthen the economy of their country of origin and that of their country. the host country by increasing imports and exports, which will lead to increased demand which will increase their income. Some industries use the idea of globalization effectively, but they still face major problems entering the host country. There has been key political participation that has benefited the globalization of these industries. These industries include aviation, energy, automobiles, jewelry, sporting goods, sugar...... middle of paper ...... they also argued that they had evidence that exporters in Vietnam and around the world were engaging in unfair trade. practices within the shrimp industry. The Vietnamese have more than three million people involved in the shrimp industry and will have even more to lose in the trade dilemma; However, the 13,000 American shrimpers on the Gulf Coast and southern Atlantis will have the most to gain from a law, the Byrd Agreement, which was reached and which allows the United States to impose duties punitive customs duties on American exports. The proposed tariffs on shrimp, of 4 to 12 percent, would affect imports from Thailand, India, Brazil, Ecuador, China and Vietnam. Tran Duc Minh, Vietnam's Deputy Minister of Commerce, said: "If tariffs are imposed, it will reduce shrimp production for the US market and lead to higher prices for the consumer, as the US government deliberately harms its own citizens, which is irrational. » The United States.