GlobalizationDebate-Final Revised 2

GlobalizationDebate-Final Revised 2 - The Varying Effects...

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The Varying Effects of Globalization Group 1 Corinda Bryant Amber Kennedy Shikira Johnson Jacqueline Smith Kelly Usilton
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Every place one could possibly find has been affected by what has been coined globalization. This popular term refers to the increasing interdependence of the world’s economies as trade barriers continue to diminish. Even though a lot of positive results have come from globalization, many less publicized negative results occur every day. Globalization can affect national sovereignty and dilute national culture, while many governments find it hard to regulate and hold accountable the actions of multinational corporations. The national sovereignty of both developing and developed countries can be affected in many ways by globalization. For example, sweatshops can still be found all over the world. Many countries try to keep these shops out of the public knowledge as much as possible. Several multinational corporations choose to manufacture and produce their products in developing countries. Many feel that the company’s only interest is in finding cheap labor and easier production restrictions. Arguably this can appear to threaten the sovereignty of developing country because people worry that major multinational corporations will become “instruments of their own home country’s government” and potentially become too powerful in the developing country ( Debate on Globalization ). Other infringements can also occur through the World Trade Organization, or WTO. Globalization spurred the created of the WTO and many involved support its continuation. A lot of representatives are from major corporations and developed countries that want to ensure easy trade and few restrictions in global business. Organizations like the WTO appear to create and enforce rules that are in many ways are responsible for this loss of national sovereignty. Many “see it as serving only to enforce a set of rules for trade which seem to conflict with central concerns of society such as jobs and incomes, economic development, the environment, health
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and safety, and national sovereignty” (World Trade Organization). These so called “super organizations can be seen as out of control, powerful and accountable only to companies that are wealthy” ( Debate on Globalization ). As a result, the interests of the developing countries are often put aside and the developed countries can easily build a powerful and dominant presence in host countries. For developed countries, the WTO can mitigate trade disputes. For example, take Europe and the US; when the European Union tried to block the importing of US hormone- treated beef, the WTO struck down on regulations that banned the US from their markets ( Debate on Globalization ). The WTO allowed the US to retaliate by restricting the amount of EU imports ( Debate on Globalization ). From this example the WTO has the power over the developed US and the developed region of the EU and both have lost sovereignty over trade. Many feel the WTO only tends to control the developing countries, but in this example it also
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GlobalizationDebate-Final Revised 2 - The Varying Effects...

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