Globalization Its Effect of Wealth Essay - 2561 Words

The word globalization gets tossed around our tongues with out even slipping our minds what it is. But what is it? Globalization is the idea of companies to send jobs overseas to those who will work for less. Globalization is the ability to go to McDonald’s in China and eat a Big Mac that tastes as if you ate it on your homeland. Globalization allows you go on Facebook to communicate with your exchange partner in Germany in a matter of seconds. However, globalization can be defined even broader that includes all aspects it influences. The most suitable definition for would be that globalization is the collapse of barriers between countries allowing labor, goods, and services to be freely exchanged. One aspect that seems to be†¦show more content†¦188) By this he is explaining that they might make 54 dollars a month but comparing that to their relatives wage that is a substantial growth. He then interviews a young female Vietnamese, Tsi-Chi, who works in this sweatsho p. She compares her work setting to working on a farm. Farm work means working under the hot sun with bugs constantly pestering you for a straight 10 to 14 hours. But factory work is definitely more pleasant when a typical day is a 8 to 9 hour shift in air conditioning. On top of that many workers receive training and education, can have reduced or free meals, and are offered medical attention. This comparison makes, â€Å"Nike sound more like Santa Claus than Scrooge†(Norberg, 2003, p. 189). Nike’s appreciation for their customers has brought many workers increased wages but Norberg argues that their increased production, â€Å"will also be possible to invest in education and health for Vietnam† (Norberg, 2003, p. 189) In other words, Vietnam’s economy will begin to flourish by having the access to be on the same playing field as the United States. Therefore, they can worry more about their education and health rather than their financial strains. Lastly , Norberg insists, â€Å"It would be extremely interesting to hear an antiglobalist explain to Tsi-Chi why it is important for Westerners to boycott Nike, so that she loses her job, and has to go back into farming, and has to send her son to work† (Norberg, 2003, p. 190). This proglobalistShow MoreRelatedEconomic Exchange within a Globalized World1195 Words   |  5 Pagesessence the product of this globalization. Globalization is the international integration or interaction of resources which comes from the exchange of products and ideas between nations (Globalization n.d.). The process of globalization is mainly caused by economic exchange. This exchange can range from the trade of materials, to investment of money in foreign banks, and to the technology which has given rise to a more interconnected world. 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