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Essay / Research Paper Abstract
A 13 page paper discussing the benefits of globalization and cautions against it. Businesses must be able to generate profits in order to stay in business, and healthy businesses directly contribute to the growth of the economy in the local and regional area. Singapore stands as an example of what can be accomplished economically in only 40 years, but even the Singapore example is not perfect. Globalization can bring immense benefit to the people of a developing nation, but the effort must truly be sustainable over a long period of time to be of absolute benefit. Operating under the precepts of the "triple bottom line" orchestrates a "win-win" situation for all involved. The components of that bottom line include short term profitability for the organization; no net contaminant load on the local environment; and sustainability for the long term future. Bibliography lists 10 sources.
Page Count:
13 pages (~225 words per page)
File: CC6_KSglobalIssues.rtf
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Unformatted sample text from the term paper:
centers on exploitation of uneducated, poor people in developing nations. Businesses moving manufacturing, mining or other operations to developing nations venues frequently are castigated as being exploiters of disadvantaged
humanity, seeking only their own financial gain and associated benefit for their shareholders. Critics of globalization refuse to see any benefit at all, which has been the case in
complaints about companies such as Gap and Nike. Benefits of Globalization Employee Benefits In some
cases, the charges have been valid. Many Asian and other nations see no real problem with sweatshop conditions or child labor, but that is where one of the benefits
of cross-border merger and acquisition lies. Critics have charged that cross-border merger and acquisition "westernizes" developing nations, imposing Western culture in places where it does not belong.
While true that most cross-border merger and acquisition has been West-to-East, the reverse also was true before Japans bubble economy stumbled. As Japanese companies
moved into the US to circumvent protectionist factions seeking insulation from the effects of free trade in the consumer electronics and auto industries, workers in the areas local to new
locations of Japanese companies came to see an entirely different world. Employees were valued for their efforts as well as their ideas, they were empowered to function as valuable
members of self-directed teams. These effects combined with the increasing pressures of global competition served to improve conditions in which "blue collar" - hourly, semi-skilled - workers performed their
duties. One of the benefits is that globalization brings other perspectives into areas where they would not otherwise exist, thereby improving the quality
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