ipl-logo

The Impact Of Globalization In Vietnam

1888 Words8 Pages

To examine the impact of globalization brought to work and employment, it is undeniably that working environment become vacillated since employment not only rely on domestic factors anymore but also involved multinational corporation (MNC) factors which initiated by globalization. Therefore, globalization in an important key concept before understand the issue. The view of Sanders and Sernau (1994) suggested that in traditional societies, gathering and hunting were mainly how the societies operated. Afterward, industrialization replaced the traditional production mode, and changed into mass production. Modern societies appeared because of industrialization. Along with the technology development and rapid economic development, global societies …show more content…

It is said that the impact of globalization in Vietnam had a significant increase in exports and positive effect on employment, but negative effect on imports because of the competition brought by foreign competition (Jenkins 2014). Vietnam showed how globalization influenced their own economy to integrate worldwide. The unemployment rate was approximated 6% in last 15 years and the GDP of Vietnam was approximated 170 billion U.S. dollars. The economic scale showed that Vietnam is still a developing country and have a relatively weak economic environment compare to the developed country United States.

Those are the fact that showed the economic scale and situation of two countries. Two countries may seems to have a vast disparity, but two countries are closely linked because of globalization, the impacts of globalization in both developed and developing countries are distinct and mixed, some of the effects are positive and some of the effects are negative.

Impact of globalization on work and …show more content…

economy (Autor 2010). This concept is well explained of the development of advanced information and communication technologies that lead to U.S. employment structure. But it also can explain the impact of globalization brought to the world economy. Since developed countries concentrate the domestic economic activities in complex industries and services. Developing countries are focusing on the exploitation of natural resources and on activities of intense production by low-skilled workers. The processes of production are not completed in single place but separated and fragmented in different economy. For example, U.S. company Nike outsourced the production line and manufacturing work, it layoff to developing country at Vietnam in order to have less costs of

Show More
Related
580 Words | 3 Pages

Manufacturing – within a business the manufacturing department works alongside several other departments such as marketing and purchasing to make sure that they manufacture products efficiently. Manufacturing is generally a long process as detailed designs of products have to be assembled before construction can begin. Manufacturing varies can depend on the organisation type large companies are likely to manufacture products themselves, and they tend to do this on a large scale in order to be able to buy resources in bulk in order to save a substantial amount of money. Small businesses tend to design their own products but may not have the ability to manufacture; therefore they usually hire other companies to manufacture for them - this can be quite costly, so they commonly perform manufacturing on a large scale

Read More
834 Words | 4 Pages

Globalization, along with bringing down poverty rates, also caused there to be a stable working system for people. Data from previous years of globalization shows that “In 1919, an average American wage earner had to work 1,800 hours to pay for a refrigerator; in 2014 they had to work fewer than 24 hours” (Document 2). This data expresses how appliances commonly used in the household today have become more accessible for average American workers, implying that the connection of the world in the past couple of centuries has made it easier for appliances to be transported around the world, increasing the works of trade. People today can now work less for more because of the increase in relationships around the world of countries and the stronger ability of production and distribution. Transportation is now substantially easier compared to past years, and the world continues to grow stronger in that way.

Read More
1233 Words | 5 Pages

Globalization has had an impact on just about everywhere in the world, whether it be positive or negative. There have been many benefits and good things that have come out of this international movement. We have more goods, we are more connected, things are easier to do, goods are cheaper, and life values and conditions have improved, but what about the people who don't have access to these benefits? What about the people we don't talk about, the ones who make those cheap goods? For some, many negatives have come out of globalization, like decreased living conditions and isolation, even if in our eyes it seems all good and like we couldn't live without it.

Read More
1287 Words | 6 Pages

Sills explains how it is determined whether the company outsources production of a certain product or make it in America. Sills tells Davidson: “the main thing I think about is survival.” Parts that need skilled workers have to be made in America to assure quality. Standard Motors needs the highly skilled workers from the United States to assure quality of their parts, so “even if Mexican or Chinese workers could do Maddie’s job more cheaply, shipping fragile, half-finished parts to another country for processing would make no sense.” Parts that don’t need to be high quality are outsourced because the company simply can’t afford to make everything in the United States.

Read More
1127 Words | 5 Pages

Introduction Nowadays people can communicate easily. They can share their ideas, their cultures even with people who are not in their countries. They can trade, transporting products around the world in just a few days. This is a big economy where everything related to each other. This is globalization.

Read More
1404 Words | 6 Pages

The process of globalization, and its impact on economic growth have become the defining influence on the development of modern China. China 's integration into the global economic system has been a multifaceted and complex process, and one that China appears exceptionally eager to embrace. Encompassing domestic policy shifts, engagement with both global and regional institutions, as well as bilateral agreements with various countries, globalization has been an impressively orchestrated process initiated by the very top of the CCP. While advocates of globalization tout the growth of China as proof of its merits, analyzing the actual effects on the ground reveals a much more nuanced reality. Globalization has undoubtedly brought China more wealth and power, but it has also generated a host of other effects, both positive and negative.

Read More
1382 Words | 6 Pages

It is a fact worldwide child labour is the most frequent in poor countries. This is because the households’ income is not high enough to live on. As a reason of this, the children have to work also. Vietnam is a poor country, because the GNP per capita is extremely low (Edmonds, Pavcnik, 2002). Besides, Vietnam is a developing country, which means that the export has increased, caused by globalization (Gunter & van der Hoeven, 2004).

Read More
1057 Words | 5 Pages

As established in the previous paper, globalization has a major impact on the individuals and society as a whole. It reshapes social structures and significantly alters the social experiences of the people. Social phenomena such as intersocietal as well as intrasocietal inequality and conflict are associated with the increased connectivity of the world. Such social realities spark the interest of sociologists across the globe, as they study the relationship between individuals and societies. To facilitate their endeavors, sociologists utilize sociological theories that study society on the micro- and macro level.

Read More
1105 Words | 5 Pages

I. INTRODUCTION a. BACKGROUND: Globalization is a process of interaction and integration among the people, companies, and governments of different countries, a procedure compelled by international trade and investment, and supported by information technology. Furthermore, this process has an effect on various other systems such as on the environment, culture, political systems, economic development and prosperity and lastly, on human physical well-being in societies around the world. “Since 1950, for example, the volume of world trade has increased by 20 times, and from just 1997 to 1999 flows of foreign investment nearly doubled, from $468 billion to $827 billion” (York, 2016). Technology has been another primary driver of globalization,

Read More
806 Words | 4 Pages

Evaluate the positive and negative of globalization on Vietnam Today, there are increasing international brands set their factories in Vietnam such as Columbia Sportswear, L.L.Bean and Nike(DangThu,2011). It is not a secret that globalization is increasing substantially and creating new opportunities for Vietnam. As Wild and Han said, ‘Globalization trend toward greater economic, culture, political, and technological interdependence among national institutions and economic. ’(Wild&Han, 2006:6) However, globalization not only took benefits to Vietnam.

Read More
950 Words | 4 Pages

But some scholars also claim that “Globalization” is a new trend which technically emerged only in modern times or during the 20th century. However, the fact is that “Globalization” took place as a process of mobilization of human capital, travel, cultural exchange, free trade and modernization. Over the years the trend of globalization has seen some basic changes, which is the topic of this essay. This essay is about the difference between the trend of globalization in 20th century and 21st century. The trend of globalization in 20th century and 21st century differs in the following way:

Read More
802 Words | 4 Pages

Globalization has its advantages and disadvantages. The individuals who bolster globalization conceives that globalization could help expel destitution and joblessness. For instance, free exchanges advances monetary development, makes employments, and rises rivalries inside nations. The consummation prompts diminish in the costs. As there is a development of generation, specialists move from place to place to improve their aptitudes.

Read More
730 Words | 3 Pages

Introduction Globalization is a fact of Economic Life – Carlos Salinas De Gortari. Globalization is not a new thought. This process of interaction and integration among the companies, people and government of different countries is happening from ages. Technology has been the major driver of globalization. Economic life has been transformed dramatically by the advances in information technology.

Read More
1826 Words | 8 Pages

This paper will explore both the advantages and disadvantages that globalization has on the world. Globalization is good for economy. First, Enterprises can operate internationally, and production can be produced internationally. Similar to poor countries like Africa, although they are poor, they have a lot of cheap labor, other countries will make their goods

Read More
731 Words | 3 Pages

The aim of this assessment is to reflect on what I have learned this semester regarding the module of Business in Global Context; from the lectures with the professor, the case studies done in class and the three previous patchworks that we worked on. We have learned that there are different internal and external components that affect the business environment, from corporate social responsibility to cultural and institutional framework; organizations must take into consideration all the factors related to the different parts of its environment. For the topic discussion, I will be discussing globalization and how it has affected the global business environment along with the key aspects and the different point of views regarding it.

Read More

More about The Impact Of Globalization In Vietnam

Related Topics

Open Document