Globalisation In Australia Essay

Globalisation In Australia Essay-15
A story in the Washington Post said “20 years ago globalization was pitched as a strategy that would raise all boats in poor and rich countries alike. And in time trade barriers would drop to support even more multinationals expansion and economic gains while geo political cooperation would flourish.” There is no question that globalization has been a good thing for many developing countries who now have access to our markets and can export cheap goods. and Europe consumers would have their pick of inexpensive items made by people thousands of miles away whose pay was much lower than theirs.Globalization is deindustrializing America as we continue to outsource both manufacturing blue collar and white collar jobs.

A story in the Washington Post said “20 years ago globalization was pitched as a strategy that would raise all boats in poor and rich countries alike. And in time trade barriers would drop to support even more multinationals expansion and economic gains while geo political cooperation would flourish.” There is no question that globalization has been a good thing for many developing countries who now have access to our markets and can export cheap goods. and Europe consumers would have their pick of inexpensive items made by people thousands of miles away whose pay was much lower than theirs.Globalization is deindustrializing America as we continue to outsource both manufacturing blue collar and white collar jobs.

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Besides currency manipulation they subsidize their state owned companies to target our markets, and provide funding to their state owned companies that dump their products in America.

They also steal our technologies, sell counterfeit versions of our products, and impose tariffs and other barriers anytime they want - as we do nothing to stop them.

We need the government to develop a plan to begin to balance our trade deficit even though this is not a political priority in either party.

Trade Agreements – Both the NAFTA and the South Korean Korus trade agreements might have been good for Wall Street and the multi-national corporations but they eliminated jobs in America and expanded our trade deficit.

Many think there is a threat of corporations ruling the world because they are gaining power, due to globalization.

• Building products overseas in countries like China puts our technologies at risk of being copied or stolen, which is in fact happening rapidly • The anti-globalists also claim that globalization is not working for the majority of the world.Pros Supporters of globalization argue that it has the potential to make this world a better place to live in and solve some of the deep-seated problems like unemployment and poverty. Free trade is supposed to reduce barriers such as tariffs, value added taxes, subsidies, and other barriers between nations. The proponents say globalization represents free trade which promotes global economic growth; creates jobs, makes companies more competitive, and lowers prices for consumers. Competition between countries is supposed to drive prices down.In many cases this is not working because countries manipulate their currency to get a price advantage. It also provides poor countries, through infusions of foreign capital and technology, with the chance to develop economically and by spreading prosperity, creates the conditions in which democracy and respect for human rights may flourish.“ • Some experts think that globalization is also leading to the incursion of communicable diseases.Deadly diseases like HIV/AIDS are being spread by travelers to the remotest corners of the globe. Prisoners and child workers are used to work in inhumane conditions.We can’t stop it but there are many things we can do to slow it down and make it more equitable. Leadership – We need politicians who are willing to confront the cheaters.One of our biggest problems is that 7 of our trading partners manipulate their currencies to gain unfair price advantage which increases their exports and decreases their imports.China does not deserve to be on our most favored nation list and we need to tax their exports to us until they stop these illegal activities.What is good for third world countries, like Kenya, or countries with tremendous growth, like China, has not been good for American workers.• Multinational corporations are accused of social injustice, unfair working conditions (including slave labor wages, living and working conditions), as well as lack of concern for environment, mismanagement of natural resources, and ecological damage.• Multinational corporations, which were previously restricted to commercial activities, are increasingly influencing political decisions.

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