Globalization has changed the world for the worst (Unfair working…
Globalization has changed the world for the worst
TNCs take over the economy of the host countries, taking over domestic companies
Unfair working conditions
Factory employees are working in very unhygienic working environments, which can sometimes cause their illnesses.
Unfair income distribution
Factory employees are payed a very low wage for working really hard.
Fair trade is about better prices, decent working conditions, local sustainability, and fair terms of trade for farmers and workers in the developing world. It is a network committed to helping producers mainly in LEDCs or other developing countries address the injustice of conventional trade, which discriminates against poor and weak producers. It enables them to improve their position and have more control over their lives.
Not environmentally friendly
MEDCs gets richer, and LEDCs gets poorer
Uses finite sources quickly
A policy followed by countries not to restrict imports/exports. International trade left to its natural course without restrictions.
Countries prevent countries form trading or interacting with specific countries
US and Rusal
Like China and Amercia