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  • Essay / Globalization: A Force for Good in the World - 1076

    Globalization, an essential feature of the modern economic environment, has brought about a number of changes in countries in terms of economic development. The term globalization refers to the blending of international and local economies into a single, unified economy. Globalization has led to economic growth in many countries through international trade; However, trade could cause a country's economy to face ups and downs that could have an effect on working conditions, workers' health, and the quality of life within a nation. In order to discuss globalization, it is important to know the meaning of globalization. of the term “multinational”. Basically, multinational companies are companies that are headquartered in one country and have subsidiaries in other smaller countries that offer the same types of jobs to employers. These companies, those from small countries, establish themselves abroad to gain market share, use cheaper labor and raw materials, which benefits companies because creating a branch in other countries, especially those that are under development, is an excellent investment. . In fact, this is helpful because people who live in third world countries lack jobs and are looking for jobs to support their families and live a better life. So, if globalization can bring many benefits to populations, why are some people opposed to it? To begin with, multinational companies such as Coca-Cola, Nike, Dell and many others are opening the doors of success to many countries. These companies import new machines and, thanks to new technologies, they help increase the productivity of the company and, eventually, the country, thus generating high income. In this way, not only the country benefits... middle of document ......dweb?index=63&did=85570662&SrchMode=1&sid=1&Fmt=3&VInst=PROD&VType=PQD&RQT=309&VName=PQD&TS=1302776689&clientId=19323Norberg, J. (2008). Nike's noble feat. In GH Muller (Ed.), The new world reader: Thinking and writing about the global community (2nd ed., pp. 227-230). Boston, MA: Houghton Mifflin Company. Hijzen, A. and Swaim, P. (2008). Do multinationals promote better wages and working conditions? Organization for Economic Cooperation and Development. The OECD Observer., (269), 15-17. Retrieved from http://proquest.umi.com.ezproxy.aus.edu/pqdweb?index=60&did=1614986281&SrchMode=1&sid=2&Fmt=3&VInst=PROD&VType=PQD&RQT=309&VName=PQD&TS=1302769835&clientId=19323Hijzen, 8). The social impact of foreign direct investments. Organization for Economic Cooperation and Development. Guidance note. Retrieved from http://www.oecd.org/dataoecd/53/8/40940418.pdf