everything is connected. describe the advantages of globalization as put forward in this text (ll....

Everything is connected

Describe the advantages of globalization as put forward in this text (ll. 1-7)

• cheaper goods: consumers can buy goods more cheaply, buy goods at lower prices

• free trade, deregulation of trade, elimination of trade barriers/protectionism: everything is sold everywhere: worldwide access to global markets

• market forces of supply and demand regulate prices

Describe the disadvantages of globalization as put forward in this text (ll. 8-12)

• in developing countries: appalling working conditions in sweatshops

• in developed countries: unemployment due to outsourcing

Name four examples to describe these working conditions in detail

• long working hours• unhealthy working conditions• very low wages• no job security• child labour

Define the concept of outsourcing (ll. 14-199

• high production costs in case of domestic manufacturing huge labour force willing to work for less money in developing countries production is outsourced, that means produced for less money in a foreign, often developing country

• transfer manufacturing to developing countries to reduce production costs

Describe the means put forward in this text to be undertaken to improve working conditions in sweatshops (ll. 20-

• boycott these goods, buy fair trade products instead

• demonstration • protest campaigns against economic meeting

such as of the Group of Eight

„The world is getting smaller.“ (l.29f)

Comment on this statement. What does it mean?