Globalization in essence is companies and governments climbing onto the world stage and interacting internationally.
Globalization has helped some, but it has also hurt a lot, specifically through:
- Making the rich richer
- Removing trade barriers only for new ones to rise (VAT taxes, etc.)
- Increased trade deficits with many jobs leaving their developed nations for less developed ones (U.S. manufacturing to China, etc.)
- Developed country job pay cuts
- MNC's leaving countries and exploiting international tax havens
- MNC's overseeing bad work conditions in countries with less regulations
- MNC's influencing international politics
- Exploitation of labor
- Social welfare schemes
Et cetera, et cetera...
All the problems we hear about with companies leaving their countries and stranding thousands if not millions of people without jobs, and labor issues in other countries all stem from globalization. So we need to decide if the benefits outweigh the costs here or not...
A free enterprise system is based on four key tenets which are private property rights, profit motive, equal individual rights and unrestricted competition. Property rights assure individuals that their property will not be confiscated by the state. The profit motive leads to competition which results in increased productivity
Pliable.
These all confuse me but I got this answer back on the quiz.
Answer:
The process through which being acquires education,experience and the skills necessary to perform as a member of the society is defined as socialization
Answer:
Valuable is having monetary value or has emotional importance. I don't understand what you mean by "why"...
