Globalization and inequality-short essay Essay

The process by which the lives of all people most the planet become increasingly interconnected in economic, cultural, political, and environmental terms, along with our aw atomic number 18ness of such interconnections is cognise as globalization (Appelbaum, 2001). globalization has pushed the world into the revolution of information. The planet has become connected done proficient renovations and the interdependence of economic expansion. Nations have formed one agenda, one unit, and with it, emerges the concept of winners and losers.Globalization has increased the bedcover between rich and poor. As we form one world, the level of inequality rises, the strong nations get richer, and the light(a) nations get poorer. The retail business is revolutionizing due to globalization, yet inequality seems to be the intimidating factor that comes with it.Globalization is being driven by five major factors customers, markets, technology, competition, and costs. The global marketplace expos es retailers to an unprecedented number of customers. The tranquillity of trade barriers, creation of trade blocs, and opening of new markets has presented the worlds retailers with the option of going global. Outsourcing has do it possible for domestic companies in the United States and worldwide to increase profits by using rubbishy labor to produce the goods that consumers demand at a much lower price.Minorities from countries like Mexico,Guatemala, and parts of Asia are exploited in the global assembly line in pose for companies to gain prestige through outstanding economic efficiency. The dependency theory suggests that the poverty of low-income countries is the immediate consequence of their exploitation by the smashed countries on which they are economically dependent (Appelbaum and Chambliss, 173). Third world countries are exploited in order for first world countries to get beforehand in the case economic arena.Peasants work in outside(a) factories because it is th e and way out of starvation to choose to work is not a luxury of the poor, it is a means of survival. Like the social stratification that occurs within the US, the systematic inequalities will continue as we globalize, only the discriminated will now be the new foreign laborers. They become the losers in the game headed my national corporations. The winners are top executives of corporations like Gap Inc,Nike, Guess, Adidas, and all the other major corporations in the world.Technology is a headstone facilitator, and the Internet is the great enabler. Technology has enabled retailers to shrink distances, integrate and connect value chains, and provide a cursorily increasing amount of information for storage, transfer, and use. Meanwhile, the Internet serves as a global channel, and provides retailers with unique opportunities, as swell as challenges, for conducting business with both consumers and other businesses.As domestic markets become increasingly saturated, globalization re presents a unique opportunity to attain competitive advantage, leveraging economic benefits such as improved economies of weighing machine and increased bargaining power with many suppliers. The supporters of globalization claim that it leads to higher employment and therefore greaterprosperity, whereas opponents believe that globalization, in its current form, only serves to widen the gap between rich and poor.Economies of shield, pooling production and victorious advantage of lower factor costs mean that business on a global scale burn down be cheaper and lower costs give retailers more strategic options. Companies that do not needs want to support sweatshops feel pressure because of competition, competition that could offer lower prices and abundant amounts of production.Therefore, the way that we can promote change is by being educated consumers, and supporting companies that risk losing, for morality sake. Globalization is a double-edged sword it is a game of win or lose. Though it provides an economic dependence of national manpower, many nations exploit each other in order to achieve profit and get ahead of the worldwide competition.