Globalization Cons

Below is one of our free research papers on Globalization Cons. If the term paper below is not exactly what you're looking for, you can search our essay database for other topics or order a custom essay.

Globalization Cons

Under what conditions would a company decide against going global?
A company may decide against going global for the following reasons:
Many governments and free trade institutions exist for the good of transnational (or multinational) corporations (e.g. Microsoft, Monsanto, etc.). They allow multinationals to move freely across borders, extracting desired natural resources, utilizing a diversity of human resources, while doing permanent damage to the natural capital and diversity of nations, imposing a kind of global monoculture, and enforcing the position of the industrialized nations.
Globalization is simply exploitive: it increases joblessness, inequality and poverty in developing countries by reducing work forces, destroying small farms and businesses, and raising the cost of food, fuel, healthcare and education, it lowers wages and degrades working conditions, via cut-throat competition for foreign investment; it undermines democracy and public health and safety by allowing international trade laws and unelected "dispute settlement committees" to invalidate national and local legislation; it leads to environmental degradation and the destruction of natural resources, as countries plunder their soils, forests, fisheries and minerals in order to earn export income, and magnifies the power of global finance and trans-national corporations at the expense of ordinary people.
"As with NAFTA, the United States Trade Representative (USTR) proposals for the FTAA would result in greater rights for investors, without establishing any corresponding responsibilities. The USTR's position is that investors should have the right to move funds into and out of countries without delay - meaning that provisions such as capital controls or performance requirements to ensure that investments serve to promote development goals would be illegal under an FTAA." (Hansen-Kuhn)
Further proof of exploitation can be seen when examining the problems with the free trade of the...

Saved Papers

Save papers so you can find them more easily!

Join Now

Get instant access to over 180,000 papers.

Join Now