'Examine the Effects of Globalisation on One Named Country'
- Created by: not a goth
- Created on: 03-06-17 19:27
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- 'Examine the Effects of Globalisation on One Named Country'
- Economic
- Shift from living off land to production through Nike
- necessary stage for development - Rostow's Model
- creates jobs (650,000 indirect)
- Average pay $54/hour where local average $18/hour
- increased spending power and positive multiplier effect
- per capita consumption 2x national average
- shift to capitialist ideologies
- per capita consumption 2x national average
- Managers paid 3x more
- increased spending power and positive multiplier effect
- microloans to locals to start small-scale businesses
- causes local businesses to grow
- positive multiplier effect
- causes local businesses to grow
- increased in labour demand
- Shift from living off land to production through Nike
- Social
- people receive regular pay and decent working conditions
- halved people in absolute poverty
- individual labour laws = can easily sack employees
- investments in future with subsidised meals and education
- as workers earn more, they can afford to pay for education & their children aren't needed for child labour
- decrease of children in employment by 2.2m in 10 years
- still 16% child labour
- decrease of children in employment by 2.2m in 10 years
- Trains 30,000/year in literacy and ICT
- as workers earn more, they can afford to pay for education & their children aren't needed for child labour
- Nike believes happy workers have increased productivity
- corporal punishment: 15 women hit for poor sewing
- employs women = equality: Kae Kwang Vina has 10,000 rural woman employees
- vulnerable
- Untitled
- people receive regular pay and decent working conditions
- Political
- creates access to new markets for trade and resources
- loss of political sovereignty nc TNCs have more power
- TNCs take profits out of hosts - 2009 Nike net income $1.4bn
- creates development with minimal government investment
- Environmental
- WWF has commended for reducing carbon emissions 13% below 1994 levels
- only 13%?
- independent auditors to ensure factories meet standards
- Nike sets own standards & not specified anywhere?
- only 60% factories met standards
- Vietnam has weak pollution laws
- WWF has commended for reducing carbon emissions 13% below 1994 levels
- Economic
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