ipl-logo

The Negatives Of Globalization In Canada

790 Words4 Pages

Ms. Stoby
The Negatives of Globalization Since the establishment of globalization, globalization has revolutionized and has pioneered the establishment of economic growth and prosperity. The true impacts of globalization can be seen everywhere: in the newspapers, on the media, in academic literature and even business journals (Griswold, 1998). Yet unknowingly, many cannot perceive its integration into the Canadian way of life, as it is set as a lifestyle that surrounds the Canadian population and, as a result, we all strive in it. Equivalently, economists look upon globalization as a force of ‘good’. Unfortunately, economist seem to be guided by their defective models, missing the true impacts, and absolute terror brought by globalization …show more content…

As the ever-growing byproduct of globalization, greed and exploitation are set upon the market. Foreign businesses with the access to large markets and unrivaled opportunities encourages these businesses to expand their ambitions in the attempt to outwit their enemies. This ambition revolves around the subject of competition, and in this attempt, businesses arise with troublesome mentalities and corrupt ethics. With a large demand for cheap labor and the ever-growing rate of unemployment internationally, foreign workers are prone to the abuse of businesses through the lowering of wages and minimization of benefits. Many businesses practice the strategy of outsourcing, which is a business strategy guided by globalization and the introduction of information and technologies (Huwart & Verdier, 2013). Through this practice, occupations found in developed countries, are grant to workers in developing countries as businesses can pay wages at a lower rate. By reducing the cost wage expenses, companies capable of minimizing prices, therefore they are able to provide goods and services at a cheaper rate (Huwart & Verdier, 2013). Allowing foreign operating businesses to obtain a competitive advantage over the domestic businesses of Canada. As these companies become more desirable for cheaper goods than their competitors. Considering this, Canadian businesses are placed in jeopardy as they have a restricted presence in the global market as a product can be obtained with similar quality with lower expenses. China is publically known example of this strategy, in 1990 china sold textiles at an unbeatable price, therefore forcing competitors to shut down or downsize in other countries (Huwart & Verdier, 2013). When businesses have access to these resources, competitors become obsolete as they have a

Show More
Related
429 Words | 2 Pages

In Barbara Ehrenreich’s article, “Your Local News”, her ideas about outsourcing help the reader understand Fareed Zakaria’s thesis that we are living through a power shift called “The Rise of The Rest” by explaining that America is not declining but is helping everyone else rise above. These authors come together to further understanding of the shift of power that has occurred due to outsourcing, putting America in the backseat of progression, but not out of the race. Ehrenreich introduces his ideas by explaining that “in the eighties, US companies began outsourcing the manufacturing of everything from garments to steel…”, but by the nineties, “back office and call center jobs migrated to India” (609). This helps the readers understand Zakaria when he he tells his readers that “for the first time ever, we are witnessing genuinely global growth.”

Read More
873 Words | 4 Pages

Labor Practice Paper Angelia Henry PHL/320 May 2, 2016 Bridget Peaco Labor Practice Paper Merriam-Webster online defines a sweatshop as a shop or factory where employees work long at a low wage that is under poor and unhealthy conditions (Merriam-Webster On-line Dictionary, 2016). Sweatshops are factories that violate two or more labor laws to include wages, benefits, child labor or even working hours (Ember, 2014-2015). Companies will attempt to use sweatshop labor to lessen the cost to meet the demands of customers. When we think of sweatshop, we always want to look at third world countries and never in our own backyard. In 2012, the company Forever 21 was sued by the US Department of Labor for ignoring a subpoena requesting the information on how much it pays its workers just to make clothes (Lo,

Read More
457 Words | 2 Pages

Historical Globalization Almost everything nations do will leave a legacy behind. Something that will be remembered and judged for decades. Canada has left many legacies, and nowhere near all of them have been good ones. Canadians have mistreated first nations for ages now, using treaties and war to steal their land and use their resources. That is the issue that this man is trying to bring up.

Read More
1588 Words | 7 Pages

Corporations are not just hurting people here in the United States, but around the world. American corporations are located in many foreign countries where laws and regulations are not strict on labor as in the US. The prices they sell their product is high compared to what they pay the worker who made it. " The Director of the National Labor Committee explains how big corporations exploit poor workers in the Third World. He gives the example of a t-shirt that costs $14.99—the workers received $0.03 an hour for their work.

Read More
1639 Words | 7 Pages

Globalization is a many-faceted process which has benefits and repercussions in many areas. It has led to great developments through exchanges of ideas and technologies and has also caused deep conflicts within and among nations in different ways. While often conflicts arise economically, politically, or in the realm of intellectual rights, these are easier to understand and resolve than the varied and nuanced conflicts that arise between Globalization and Culture. Due to a long history of such conflicts, sometimes groups or governments take it upon themselves to initiate preventative measures in order to reduce the risk of damage or loss of cultural identity. One specific example of this preventative action began almost 100 years ago as Canada started issuing a tax on foreign produced magazines in the

Read More
733 Words | 3 Pages

When thinking about purchasing food we are often told that buying local is better for the community as it puts the money in the pocket of a small business owner and not for a corporation's CEO to purchase their third vacation home. But, often what we don't look at is the other things we purchase like clothing, cars, beauty products and day-to-day items. It is very common that many household products are made in China, as it is a lot cheaper to manufacture things there and send them to our local Walmart or retail store for Canadians to consume. I wanted to see how many things in my day-to-day life are produced outside of Canada and what I buy that is produced in Canada. Of course starting with food, I often buy from the local market; unfortunately,

Read More
1679 Words | 7 Pages

Globalization and its implications appear to have controversial opinions around the world on whether it truly benefits countries. There is no doubt that advances in technology have enabled us to become more interconnected with the world around us; further shaping how we interact with each other, how businesses conduct themselves, and how cities are formed. Growing up in Toronto witnessing the significant changes to neighborhoods, the never ending horizon of cranes, increases in property value, it’s evident that Toronto has become a world city and the attraction to potential migrants is promising. The following paper will examine globalization and its effect on Toronto using personal direct observations (as a long-term resident) combined with findings from academic literature. Globalization has aided in bringing Toronto to the forefront as a world city and hub for innovation.

Read More
848 Words | 4 Pages

They might say that trade allows you to have fruit and vegetables in the dead of winter, but they don 't stop to think about the human cost of having that food. They don 't think about the people being worked to death on plantains growing the food every day of their lives. They may be happy that globalization has made their country rich and that it keeps getting richer, but they don 't consider the developing countries how have people dieing of starvation everyday while they have too much food to eat but it is never reported by the media an aspect of globalization because isn 't an interesting enough story. But overall globalization isn 't a totally bad thing it just has some issues it has proved aid to countries when they need it and spread cures to diseases that killed many people. It is also leading to a global community that is uniting more countries in peace.

Read More
889 Words | 4 Pages

Globalization has opened up new and unimaginable jobs that would not be available without the free market, thus globalization has lead to job creation in Canada. Technological innovation is spreading as a result of globalization and new jobs surrounding technology has evidently been created for Canadians as a result of the process of globalization. Furthermore, globalization correlates to a reduction in unemployment in Canada. As the world was beginning to become globalized, Canada experienced a reduction in the unemployment rate, “The period was marked by high living standards and low unemployment rates.” (Azzi).

Read More
1050 Words | 5 Pages

Literature Review on Fundamental Theories IT outsourcing is a topic that not in short of theories. During the last 3 decades, a large amount of empirical work across the last three decades has been guided by three main categories of theories. Those theory groups further developed into different schools which are the base for analyzing the impacts of outsourcing activities. In this research, empirical work based on three most important theories from economic (Transaction cost theory), strategic (Resource- based theory) and social category( relational/ social theories ) were selected for an in depth discussion. No claims are made that any one theory outperforms others.

Read More
1192 Words | 5 Pages

Shiva Chhetri Mariya and Carli Amber Randall 9:00-9:50am 03/02/2018 OUTSOURCING IS GOOD Specific Purpose: To persuade my audience that outsourcing is a good practice and is also beneficial to the American market. Central Idea: When talking about outsourcing the general consensus seems to be that it is a bad practice and is non-ethical. However, few understand the real benefits that come from this practice past the idea that it is a taboo in our country.

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
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
1102 Words | 5 Pages

Globalization leads to the immigration of employees that make

Read More
805 Words | 4 Pages

Nowadays, in the light of the development in technology, especially in transportation and media, trade and communication has increased rapidly among countries. This trend is called globalization. Generally speaking, globalization has its own advantages and disadvantages. The development in international trade and communication has created employment and opportunities for millions of people, but it has also made poor countries poorer. In my opinion, globalization has both positive and negative aspects.

Read More

More about The Negatives Of Globalization In Canada

Related Topics

Open Document