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Globalization

Globalization. Franco Goytia Olivia Burzaco Tatiana Lauda Tarek Zaki. What is Globalization?.

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Globalization

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  1. Globalization Franco Goytia Olivia Burzaco Tatiana Lauda Tarek Zaki

  2. What is Globalization? • It is the idea that countries are connected with each other through commerce and various aspects which have shortened distances between them. Thus, we have all become part of a global society, rich in diversity.

  3. Improvements in transportation • Improvements in transportation have had a great impact on globalization because they have allowed goods and people to travel great distances in short time periods. • Thus, transportation makes the import and export of products and ideas possible ranging from Chile to Australia, The USA to Russia.

  4. Improvements in technology • The progress of technology has also been a key factor for globalization because it has not only meant that goods may be produced more efficiently and less harmfully to the World’s environment, but it also means that cross-border communication has become as easy as a click. • Due to this, ideas, goods, customs and traditions may now spread in a matter of seconds.

  5. Nike • Globalization has allowed Nike to produce its clothes in Asia and sell them across the globe so that an English man may be wearing exactly the same sports sneakers as a Canadian. • However, globalization has made it possible for Nike to questionably take advantage of low wages in underdeveloped countries such as Indonesia which has 11 footwear factories, 12 apparel factories and four equipment factories manufacturing Nike products that account for approximately $1 billion in exports a year. • These plants employ 110,000 Indonesians whose take-home pay averages $65 a month. This may not be much by our standards but is nearly double Indonesia's minimum wage of $34 a month and comes with other benefits that include overtime and holiday bonuses, social security, free health care, free schooling, free clothing, at least one free meal a day and sometimes free housing. • In a country where 36 million people are unemployed and 60 percent of the population lives below the poverty line, pegged at $1.50 a day, Nike jobs are highly desired. About 85 percent of Nike's work force are women who labor for a few years in the factories, then go home to get married, further their educations or move on to better things. Few have any regrets.

  6. Bibliography • http://www.internationalreportingproject.org/stories/detail/797/ • http://en.wikipedia.org/wiki/Globalization • http://plato.stanford.edu/entries/globalization/

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