How Does Globalization Contribute To Sustainable Prosperity

Improved Essays
Globalization contributes to sustainable prosperity for all people to a moderate extent. I believe this because of the many examples of globalization benefitting the world’s prosperity as well as the many others demonstrating negative effects. Many of the actions taken during globalization have a reaction to peoples and the environment alike.
For example, oil production businesses located throughout the world allow us to utilize this natural resource for many different things such as transportation, heating, the making of plastics as well as asphalt, etc. The companies that drill for this oil also contribute by creating jobs and allowing more people to provide for themselves. This helps our economy as well as our communities by lowering the
…show more content…
According to the United States Environmental Protection Agency, there are over 14,000 oil spills reported each year. Oil spills happen when there are accidents involving tankers, pipelines, drilling rigs and other oil production and storage equipment. Many of these accidents are usually caused by the carelessness of the people in charge. An example of this would be when, in 2010, an explosion on the Deepwater Horizon Macando drilling platform, sparked the largest marine oil spill in United States history. It released millions of barrels of oil into the Gulf of Mexico. This explosion occurred because of a design flaw in the building of the well. Oil spills have a massive effect on the ecosystem, killing not only the aquatic organisms, but the birds and other mammals that depend on the water for their survival. Oil spills can cost an extremely large amount of money to clean and require many volunteers to devote their time to aid in the relief. Another example of the negative effect of oil would be the fluctuating market and the price of each barrel. Every few years the oil industry will take a big hit which costs many people their jobs and wellbeing. It forces many to look for other low ranking, and lower paying jobs which affect the quality of life for those …show more content…
Outsourcing is “The process of obtaining goods or services from outside suppliers or to contract work out instead of getting it done by its own employees.” An example of outsourcing would be how the tech company Apple’s products are designed in California, but assembled in China. Apple does this for a few reasons, one being the lower minimum wages. A common wage for the some 250,000 workers presently working in a single factory for the company Foxconn,( which is a company commonly used by many other businesses in the assembly of products) is around $17.00 US. Another advantage of having over a quarter million workers at your disposal is the ability to produce goods at a very fast pace. A positive effect outsourcing has, in accordance to sustainable prosperity, would be the obvious lower price of goods for consumers. Also, many jobs are created because of outsourcing, which helps economies overseas as well as their populations. Many potential workers would be jobless without outsourcing and because of it, the prosperity for all these workers is something made possible. A potential downfall for this form of globalization is the inevitable exploitation of these foreign workers, being paid low wages and not receiving the benefits that they should be entitled to. It also takes away thousands of jobs that could be filled in the home countries of these

Related Documents

  • Great Essays

    From the business point of view it is important to understand that outsourcing is part of globalization, and it benefits the company’s efficiency and it saves money in labor. Many Americans believe that outsourcings hurt Americans economy and are against the idea of taking Americans jobs to other countries. Bryson, a global economist for Wells Fargo said: “When jobs move from a factory in the South to one in Guatemala or China, it certainly has a negative impact on that community in the short run… But in the long run it makes things more efficient." (Hargreaves, 2012)…

    • 1324 Words
    • 5 Pages
    Great Essays
  • Improved Essays

    Outsourcing has given companies a way to reduce the cost of operations, labor wages and also taking advantage of the reduce corporate tax rates(). For example a US company contracting employees from India to handle services can pay the employee a fraction of the price that they would pay an employee based out of the US. Another reason why companies have elected to outsource is because it has given them the opportunity access and hire world talent to handle their services; if a company is not an expert with a specific area such as IT and human resources (HR) they can contract an outside company to handle these services at a reduced rate. These key components listed leads to another main reason which is flexibility.…

    • 1175 Words
    • 5 Pages
    Improved Essays
  • Superior Essays

    As an inhabitant of this world, we may be asked the question; “To what extent does globalization contribute to sustainable prosperity for all people.” This is a question that not many people can answer, while some will provide a vague definition of either globalization or sustainability that is off topic. This just shows how naïve we are to the world around us. As global citizens, I believe we should be more knowledgeable and have a broader understanding of events happening around the world. If people became more knowledgeable and understanding, they would see that there is more than meets the eye to these global issues, but more so that citizens would be able to help those in need and the environment stay sustainable for future generations.…

    • 1036 Words
    • 5 Pages
    Superior Essays
  • Improved Essays

    The loss of jobs, whether to outsourcing or inventions, has been a re-occurring issue in America since the early 1900’s. In the 1900’s, most Americans worked on farms. The farmers thought that the invention of machinery was going to end the need of farming when actually it was just the opposite. Machinery created the need for many new and highly skilled blue-collared professions. Then when manufacturing went overseas because it was cheaper to manufacture products outside of America, our economy stabilized, we created more productivity of these products and more highly skilled white-collared service jobs.…

    • 762 Words
    • 4 Pages
    Improved Essays
  • Decent Essays

    The oil spill that happened in the gulf of mexico is best known as deepwater horizon. This accident was caused by the failure of components of the oilrig and the failure of crucial safety test. The crew failed to properly secure the oilrig. They secured the borehole by filling it with cement. The cement failed to secure the well and led to the explosion.…

    • 161 Words
    • 1 Pages
    Decent Essays
  • Decent Essays

    Outsourcing America, in my opinion, has been bad, as someone who was a displaced worker at one time due to the company that I worked for closing down and moving to Mexico. The benefits of outsourcing have been enormous. For workers in poverty ridden countries, it has meant jobs and fast rising standards of living. For some industries, lower labor costs have brought higher profits. Modern consumers are enjoying access to more goods at lower prices.…

    • 381 Words
    • 2 Pages
    Decent Essays
  • Improved Essays

    First of all, it gives manufacturers and companies to abuse power over workers. Because foreign labor costs less, they can basically produce more for slave prices; also, should someone say that they don’t’ agree with this work, they can simply be laid off and replaced with other workers for different countries. What’s more, it also limits the quality of merchandise produced. Many firms that outsource cut quality of the product to increase the amount shipped out; this horribly affects consumers while the firms make tons of money off of it.…

    • 559 Words
    • 3 Pages
    Improved Essays
  • Improved Essays

    All over the world there are so many types of issues that are destroying and harming planet Earth. This includes, air pollution, thermal pollution, and soil pollution, but there is one more thing that is very important, which is called an oil spill. An oil spill is the release of a liquid petroleum hydrocarbon into the environment, and is a form of pollution. Most of the time oil spills happen in the marine but sometimes happen on land. Not many people think about oil spills, this is because people think that oil spills are not as important, and do not create threats that much.…

    • 1991 Words
    • 8 Pages
    Improved Essays
  • Improved Essays

    Drilling In Arctic

    • 609 Words
    • 3 Pages

    The cost of energy has been a difficult cost for agencies to manage. Consumers have demanded that costs remain manageable because the cost of energy, especially fuel, will affect all avenues of life. High costs of fuel will not only mean that the cost of transportation in the private sector will be harder to manage, but also the cost of food, clothing and any type of merchandise that requires transportation for the consumer. Drilling for oil in the Arctic is one solution to the high cost of fuel. It will lower cost and it will increase the revenues of industrialists and create jobs, but without the proper regulations, it has the high probability to create many issues within the environment in the Arctic.…

    • 609 Words
    • 3 Pages
    Improved Essays
  • Improved Essays

    Outsourcing In America

    • 650 Words
    • 3 Pages

    In today's economic global business competitive environment , companies must create and experiment new company strategies to continue to have revenue value throughout generations while sustaining competitiveness. Many companies have accepted outsourcing to significantly expand new markets. Although outsourcing and off shoring positively enriches major businesses and head corporations it however, has a long lasting negative effect on American workers and citizens here in the US. Off-shoring is a type of outsourcing. Inverstopia states that, "Outsourcing is a practice used by different companies to reduce costs by transferring portions of work to outside suppliers rather than completing it internally(investopedia.com)".…

    • 650 Words
    • 3 Pages
    Improved Essays
  • Superior Essays

    BP and the Deepwater Horizon Disaster of 2010 Case Study Analysis o What lead to the Deepwater Horizon Disaster? The popular oil company known as BP publicly prided itself on the company’s commitment to safety and the environment; however, shifts in leadership roles giving individuals more power caused the company to choose a less costly and more time friendly method of securing the rig for the drillings. This method ultimtely came at a huge cost to the environment as the largest marine oil spill to ever occur in U.S. waters. o One the of the immediate leadership issues outlined in the case is the lack of hierarchy. BP should have continued having multiple leaders sign off on a decision verses allowing a few BP project managers to choose the…

    • 1246 Words
    • 5 Pages
    Superior Essays
  • Improved Essays

    Oil Spills and How They Affect The Environment Oil spills, no matter how small or large, effect the worlds environment by their destroying and poisoning any habitat they come in contact with, mainly the water though. These spills can be devastating because they disrupt what we know as the food chain. The food chain starts with producers who are ate by small animals which are ate by larger and larger animals until the top predator is reached, humans. Oddly enough, humans are the main reason the food chain is being destroyed. In our fight to reach economic prosperity we rarely take in consideration the environment, which is partially what life is based on.…

    • 661 Words
    • 3 Pages
    Improved Essays
  • Improved Essays

    The disaster caused the life of 11 workers and more than 15 injuries. It is the largest environmental disaster in U.S. history. It started with an explosion on the 20th of April 2010, in the Gulf of Mexico. After burning for two days the rig sank two days later, which eventually lead to the enormous leakage of oil into the Gulf. The U.S. Government estimated the total discharge to be 4.9 million barrels of oil.…

    • 2193 Words
    • 9 Pages
    Improved Essays
  • Improved Essays

    It also eliminates some conflicts with the workers and decreasing some wasteful activities such as payroll processing. Outsourcing can makes management team to devote its attention to refining…

    • 840 Words
    • 4 Pages
    Improved Essays
  • Superior Essays

    Introduction Over the years, there has been significant controversy on whether globalization should be viewed as an advantage to the Caribbean, or perceived with aggression, as it has the ability to increase inequality amongst nations. It has had a significant impact on the countries’ economies throughout the years, and it continues to because of the rapid pace of technological advancements in today’s world. Evidence demonstrates that the economic growth has been declining in the Caribbean over the past 10 years by 2% annually, leaving some countries with negative growth (Hassan, 2007). For instance, Trinidad and Tobago, like any other developing nation, has not gained the maximum benefit of globalization but instead, has been experiencing…

    • 995 Words
    • 4 Pages
    Superior Essays