Please enable JavaScript.
Coggle requires JavaScript to display documents.
Globalization (Production cost: material cost+ labor cost+ transport cost,…
Globalization
-
Effects
Cons
Companies try to build factories in an economically disadvantaged country where the minimum wage is lower and don't demand social nor health insurance so workers in the economically advantaged countries lose their jobs.
The fuel used in the transports for exchange cause climate change since so many countries are trading goods at the same time.
Companies often deforest green lands and forests to make cheaper land to build their factories which is another main cause of climate change.
-
-
-
-
Definition
Worldwide unification of countries and nations for easier,
more effective and faster exchange of goods and information.