The Cost Of Globalization And Free Trade

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Globalization is a process that has caused the world to integrate and create interactions between different countries, which has helped to influence our political and economic economy. The effects of globalization 's have become an issue that has gathered the attention of many individuals both globally and internationally. Many have speculated that globalization has become too capitalist and it neglects the interest of the public. However, others are still arguing that globalization has become a major economic boost for many nations, even those in poorer societies. This paper is going to analysis the cost and benefits that are associated with globalization have pertained to the global economy in relation to trade.
As a society, we engage in
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Even though countries have the ability to invest and free trade with other there is a lack of trade policies that have caused harm to the environment and citizens. Those clothing industries that outsource their firm to another country in order to keep cost low have caused an increase of sweatshops in poor countries. Oatley uses the definition of a sweatshop as an “extreme exploitation, including the absence of a living wage of benefits, poor working conditions and arbitrary discipline” (352). These individuals that work here are not just underpaid and work long hours, but they sometimes suffer from the environmental problems that these factories have created. There is a lack of protection for the citizens when it comes to trading. If the cost of production ends up increasing then these firms will leave. The people in that country will be without a job and there will only be a few opportunities. The individuals that were in the low- skilled jobs will not have a chance at those few opportunities because of their lack of other skills. The World Trade organization have a lack of global rules when it comes to the labor conditions (352). Even though, the Core Labor Standards, which is the “•Freedom of association, the right to collective bargaining, the abolition of forced labor, prevention of discrimination, minimum employment age” and Cash …show more content…
This unjust for citizens to slave in unsafe conditions in order to help society economy grow. Even though Oatley mentions how things will change, I disagree because if we have known these problems for many years and have yet to take a major step in changing it then It’s one of the things that will never change. I think that because society only notices the benefits they lack concern for these developing countries that commit inhumane acts. For instance, Nike is a major corporation that outsources their factories to less develop countries to employ workers at a low-wages in order to save the cost of production. In recent years, Nike has come under fire because of the environmental issues associated with their factories and the fact that they treat their workers like slaves and have children workers. The crimes that Nike commit in those nations would not be tolerated in the U.S. However, as individuals who overlook these problems because of the brand and it causes citizens in the U.S to not have to pay that must for their

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