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Globalization has changed the world for the worst (Trade War (Problem…
Globalization has changed the world for the worst
Trade War
Problem
Countries prevent countries form trading or interacting with specific countries
Like China and Amercia
US and Rusal
Solution
Free trade
A policy followed by countries not to restrict imports/exports. International trade left to its natural course without restrictions.
Uses finite sources quickly
MEDCs gets richer, and LEDCs gets poorer
Not environmentally friendly
Solution
Renewable sources
Unfair income distribution
Solution
Fair Trade
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.
Problem
Factory employees are payed a very low wage for working really hard.
Unfair working conditions
Solution
Problem
Factory employees are working in very unhygienic working environments, which can sometimes cause their illnesses.
TNCs take over the economy of the host countries, taking over domestic companies
Solution