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Fair Trade

In: Business and Management

Submitted By huey56
Words 1346
Pages 6
Globalization isn’t a new discover worldwide it has been going on for many years between many different counties. Yet, the United States is pretty new to the concepts and rules of free trade. Just like many new ideas and regulations that affect our everyday lives people across the world have a different view or understanding of the term globalization. Depending on others owe ethics, morals and ways of life create their own personal agreement or disagreement with global trade.
Globalization has basically made the world a smaller place and also made ways for free trade and business to effectively communication between various parts of the globe. It has potential to make this world a better place to live in. It is changing major problems like unemployment and extreme poverty. Developing countries benefit the most and a lot from globalization as there is a sound flow of money and a decrease in the currency difference between every country with in the world. Free trade creates a mass competition base between many companies worldwide producing the same products, which give everyone worldwide many different options on what they would like to spend their own hard earned dollar on. With all those great positives for globalizing there are also many negatives about it. Globalization is causing citizens in many parts of the world to lose their jobs as work is being outsourced to other countries. The cost of labor in many other countries is extremely low as compared to a different country. As companies move their work across the boarders companies are opening their counterparts and ideas of their organization. This is resulting in the transfer of the quality of their products to other countries which are greatly increasing the chances of depreciation in terms of quality expectations. Another main issue is often argued that poor countries are exploited by the richer countries

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