GERMAN MEMBERS: Tini M.; Florian E.; Alexander B.
Negative effects:The job market suffers from globalization as big companies have to migrate to countries where they can produce cheaper and where the wages are lower.Another negative aspect is that a lot of people buy cheap goods that come from China, for example, and not anymore the local products and this is bad for the own companies.In less developped countries the workers have to do hard work for our so called cheap goods, but they aren't paid very well. That means they have to work under bad conditions so that we can buy cheap clothes, for example.It's also a problem that all countries depend on each other, if one country has a problem this will have an influence on the other countries as well.
- Countries with a high economic status suffer because companies go abroad where the costs of production and foreign workers are at a lower price. From this it follows that countries with a high economic status like Germany have a high rate of unemployment and the environment gets more polluted because a lot of countries aren't developed that far.- Often customers don't get goods being produced abroad for a lower price than they get them in their own country because managers and other bosses want to get richer and richer. Consequently the rich get richer and the poor get poorer.- All the countries depend on each other and if one country (America) gets into big financial crisis, the other countries are affectes by it.
→ Pandemics could spread like wildfires (e.g. Swine flu, Avian flu, HIV)→ Stock Markets are addicted to the global problems→ Unemployment because of low-wage countries
-companies change their place of production to places where people get less money for thier work-the connection between the stock markets can cause crashes-companies are often turning to capitalism in order to make money
Negatives of globalization:-Companies move to other countries for cheap labor.-Many people lose jobs while others gain jobs.-Many people buy cheap goods from countries and that effect its own country because they are not buying local goods.
-Job Insecurity-Terrorist can get their fix on weapons-Companies moving to other countries because it's cheaper to make goods, and they can pollute all they want=(
-sweat shops.-human trafficing.-started free labor.-buying products from out of countrys does not supposrt your own country.-horrible for economy