No First 5
Agenda: Take out your packets on the MNC- you were
to highlight the pros and cons- today you will be making
a chart of the pros and cons
Tomorrow you will be writing an in class essay on
Globalization
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Driving force to go green
Globalization has facilitated the
spread of technologies that have
contributed to dramatic
improvements in health, life
expectancy and literacy in poor
countries.
MNC pays a wage premium
Life expectancy doubles in
countries like China
Regions lacking MNCs have worse
child labor
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Worse child labor rates and the
smallest reduction
Provide very competitive
environment
Low wages for long hours
Abuse of workers
Government doesn’t care for
workers
No regulation
Pollution due to factories – ex.
China
No relationship between the price
of a product and the wages paid
No health benefits
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Gives wages to people who
didn’t have jobs
Allows people to work longer
hours
Obtains some kind of employment
Spread “Green” technologies
African and Asian child labor rates
dropped
Poor make more money working
for MNC than companies in their
own countries.
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Exploits poor people in less
developed countries
Globalization creates higher
inequality
Poverty and inequality spreads
rapidly
Does not follow child labor laws
Larger MNC make it harder for
local companies to compete
Increase in the degradation of
forestry
Labor laws don’t apply to MNC in
less developed countries
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More jobs for people in less
developed countries
Children did not report being
forced to work(child labor)
Spread of technologies have
contributed to dramatic
improvements in health, life
expectancy, and literacy in poor
countries
Bad cases are rare
High quality- low priced products
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MNCs violate labor rights
Companies don’t meet the
demands of decency
Low wages (especially for
women)
Hinders the economic progress of
smaller countries
Workers are often exploited and
work long hours without breaks
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Globalization is the ….(definition) With the
increase of Multinational Corporations
which spread the development and wealth
of products, technology, and services to
less developed countries, there has been
an increasingly more positive impact than
negative. Globalization and MNCs
positively impact the world in the areas of
national economic stability, personal
wealth improvement, and increased health
and life expectancy.
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Globalization impacts less developed
nations through the increase of wealth
that the nations themselves experience
from MNCs. One example of this is…..