Fast trade is the key of globalization. Through international trade, people have access to products that they can’t find in their own homeland, It might sound beneficial using comparative advantage and being more efficient but when we are living in a developed country and we get all these products for our satisfaction at low prices, we don’t see the other side of globalization and get to experience the hard work that was put in to get a $6 shirt in Wal-Mart. On one hand, globalization is offering new opportunities, economics growth, development, and a better lifestyle. While, on the other hand, it is posing challenges in other countries.
Wal-Mart is a Transnational Corporation (TNC), with the goal of expanding to increase its profit regardless to the circumstances. Giant TNCs, like Walmart, that want to increase their sells require foreign exchange market in order to expand its stores, purchase cheaper products in different currencies and then sell those …show more content…
Workers also complained that they aren’t allowed to deny overtime even if they are sick or have a bad headache. Working hours shouldn’t exceed 40hrs a week, yet, Wal-Mart 's suppliers have their workers work an additional 20 hours.
Workers in several factories are working in unsafe conditions. For example, a 22 year old, working in the factory Tai Qiang, got his leg pressed by a heavy machine and caused his leg to be fractured and got delayed treatment. The young man states that his co workers are not given any protective gear. (Jenny Chan, The Story of Toys made in China for Wal-Mart, June 1, 2007). For another instance, according to a study done by the Shanghai academy of Social science, factory workers lose or break about 40,000 fingers a year. ( David Barboza, In Chinese Factories, Lost Fingers and Low Pay,
Wal-Mart is a Transnational Corporation (TNC), with the goal of expanding to increase its profit regardless to the circumstances. Giant TNCs, like Walmart, that want to increase their sells require foreign exchange market in order to expand its stores, purchase cheaper products in different currencies and then sell those …show more content…
Workers also complained that they aren’t allowed to deny overtime even if they are sick or have a bad headache. Working hours shouldn’t exceed 40hrs a week, yet, Wal-Mart 's suppliers have their workers work an additional 20 hours.
Workers in several factories are working in unsafe conditions. For example, a 22 year old, working in the factory Tai Qiang, got his leg pressed by a heavy machine and caused his leg to be fractured and got delayed treatment. The young man states that his co workers are not given any protective gear. (Jenny Chan, The Story of Toys made in China for Wal-Mart, June 1, 2007). For another instance, according to a study done by the Shanghai academy of Social science, factory workers lose or break about 40,000 fingers a year. ( David Barboza, In Chinese Factories, Lost Fingers and Low Pay,