scroll to top
Stuck on your essay?
Get ideas from this essay and see how your work stacks up
Word Count: 1,146
Globalization is a concept with many differing definitions Globalization is a process which entails the free movement of capital goods services and labor around the world Globalization is the massive control of the worlds economy by big business this control transcends the boundaries of state and country This transcendence across countries makes the subunits of the economy decompose and depend on the larger companies with a controlling interest in most of the capital within a given economy These companies then form global constituents they then have a control of a large volume of capital within many countries This global control of capital comes through the deindustrialization of larger economic superpowers to third world countries for economic gains of these companies Seeking lower wages and a large unskilled labor force companies find it in third world countries These are concrete examples of global companies seeking wage reductions on an international scale This migration causes a deindustrialization for the larger countries and a industrialization in these developing countries In a curious fashion they tend to confirm the Marxist view long thought out of fashion that the working classes would be kept at subsistence level Reebok Shoes and other footwear giants are forever shifting their manufacturing base to lands of lower wage scales This is more easily done in that industry than would be possible in steel or automobile manufacturing From New England to the American South and on to the American colony of Puerto Rico thence the Philippines Taiwan Korea and Thailand -- until the annual wages of the factory are less than the remuneration paid to the basketball star paid to advertise the final product No globalization does not mean workers of the world unite Joan E Spero Under Secretary of State for Economic Business and Agricultural Affairs stated the issue at hand was one of a formidable size Capital now moves with startling speed around the world Each day over 1 trillion
@Kibin is a lifesaver for my essay right now!!
- Sandra Slivka, student @ UC Berkeley
Wow, this is the best essay help I've ever received!
- Camvu Pham, student @ U of M
If I'd known about @Kibin in college, I would have gotten much more sleep
- Jen Soust, alumni @ UCLA