Key points in whether Globalization is good or bad:

ECONOMIC
GOOD:
-Economic theory of comparative advantage applies, international trade in the long run will make parties better off, developing countries improve their conditions by doing something they do “better” than an industrial nations (so they charge less for the same amount of work done)

- Sweatshops are good for third world countries because they provide better wages and working conditions than the alternatives (e.g. prostitution)

-Sweatshops are creating jobs for people in developing countries allowing them to have discretionary income
- sweatshops are a major source of capital accumulation in a country.
-Countries with sweat shops save on cost in production and so have increased capital investments by other countries and trade ports increases which lead to economic success
-decrease in unemployment rate in the country that the sweatshops are located

BAD -sweat shops create monopolies as small businesses can’t enter due to cost (they can’t get cheaper labour)
-sweatshops often don’t pay tax and thus don’t pay for the public services they use for production and distribution and don’t contribute to the country’s revenue.

SOCIALLY
GOOD
- They creates jobs for the unskilled people and people who unable to go to school not wasting mental capital, eliminating unemployment and income being generated. Some communities encourage people to work in a sweatshop.
- Sweatshops are good because the clothes you and I are wearing today are made in a sweatshop so without them we wouldn't be clothed and made with good skill.

- keep girls away from prostitution and therefore a decrease in the spread of stds and hiv
-Living standards are better than what they could have been without sweatshop jobs
BAD
- sweatshop workers work in sweatshops to improve their lives but because of the