Globalization - and command high wages Production workers...

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GLOBALIZATION
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DEFINITION Globalization is a process of interaction and integration among the people, companies, and governments of different nations, a process driven by international trade and investment and aided by information technology
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Pros of Globalization a worldwide market a steady cash flow into the developing countries an increase in the production more influx (flow) of information between two countries Crossed-culture Effective and Positive change in society
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Cons of Globalization Jobs Income Inequality “Mind workers” (engineers, attorneys, scientists, professors, executives, journalists, consultants) are able to compete successfully in the world market
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Unformatted text preview: and command high wages Production workers and service workers in industrialized nations are unable to compete lose jobs or wage cut Growing a gap between rich and poor Cons of Globalization Brain Drains Sweatshops globalization is the result of foreign businesses utilizing workers in a country to take advantage of the lower wage rates. Natural resource Air pollution: China overtook the United States as the world's biggest producer of CO2 Forest: Deforestation leaded by China and India Health Issues in Depth Trade Environment Media Technology Education Health Energy Culture...
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Globalization - and command high wages Production workers...

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