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No First 5Agenda: Take out your packets on the MNC- you were to highlight the pros and cons- today you will be making a chart of the pros and consTomorrow you will be writing an in class essay on Globalization
Driving force to go green Globalization has facilitated the
spread of technologies that have contributed to dramatic improvements in health, life expectancy and literacy in poor countries.
MNC pays a wage premium Life expectancy doubles in
countries like China Regions lacking MNCs have
worse child labor
Worse child labor rates and the smallest reduction
Provide very competitive environment
Low wages for long hours Abuse of workers Government doesn’t care for
workers No regulation Pollution due to factories – ex.
China No relationship between the
price of a product and the wages paid
No health benefits
Gives wages to people who didn’t have jobs
Allows people to work longer hours
Obtains some kind of employment
Spread “Green” technologies African and Asian child labor
rates dropped Poor make more money working
for MNC than companies in their own countries.
Exploits poor people in less developed countries
Globalization creates higher inequality
Poverty and inequality spreads rapidly
Does not follow child labor laws Larger MNC make it harder for
local companies to compete Increase in the degradation of
forestry Labor laws don’t apply to MNC in
less developed countries
More jobs for people in less developed countries
Children did not report being forced to work(child labor)
Spread of technologies have contributed to dramatic improvements in health, life expectancy, and literacy in poor countries
Bad cases are rare High quality- low priced products
MNCs violate labor rights Companies don’t meet the
demands of decency Low wages (especially for
women) Hinders the economic progress
of smaller countries Workers are often exploited and
work long hours without breaks
Globalization is the ….(definition) With the increase of Multinational Corporations which spread the development and wealth of products, technology, and services to less developed countries, there has been an increasingly more positive impact than negative. Globalization and MNCs positively impact the world in the areas of national economic stability, personal wealth improvement, and increased health and life expectancy.
Globalization impacts less developed nations through the increase of wealth that the nations themselves experience from MNCs. One example of this is…..