everything is connected. describe the advantages of globalization as put forward in this text (ll....
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Everything is connected
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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
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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
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Name four examples to describe these working conditions in detail
• long working hours• unhealthy working conditions• very low wages• no job security• child labour
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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
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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
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„The world is getting smaller.“ (l.29f)
Comment on this statement. What does it mean?