Globalisation In Australia Essay

Globalisation In Australia Essay-69
Pros Supporters of globalization argue that it has the potential to make this world a better place to live in and solve some of the deep-seated problems like unemployment and poverty. Free trade is supposed to reduce barriers such as tariffs, value added taxes, subsidies, and other barriers between nations. The proponents say globalization represents free trade which promotes global economic growth; creates jobs, makes companies more competitive, and lowers prices for consumers. Competition between countries is supposed to drive prices down.In many cases this is not working because countries manipulate their currency to get a price advantage. It also provides poor countries, through infusions of foreign capital and technology, with the chance to develop economically and by spreading prosperity, creates the conditions in which democracy and respect for human rights may flourish.You can’t stop it – you can only swim in the snow and hope to stay on top.

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This is simply a romanticized view of what is actually happening. There is more influx of information between two countries, which do not have anything in common between them. There is cultural intermingling and each country is learning more about other cultures. Since we share financial interests, corporations and governments are trying to sort out ecological problems for each other. True for small countries but stealing our technologies and IP have become a big problem with our larger competitors like China. Transnational companies investing in installing plants in other countries provide employment for the people in those countries often getting them out of poverty. Globalization has given countries the ability to agree to free trade agreements like NAFTA, South Korea Korus, and The TPP. “It is wonderful for managers, owners and investors, but hell on workers and nature.” • Globalization is supposed to be about free trade where all barriers are eliminated but there are still many barriers. He pegs the net losses due to our trade deficit with Japan ($78.3 billion in 2013) at 896,000 jobs, as well as an additional 682,900 jobs from the Mexico –U. trade-deficit run-up from 1994 through 2010.” • Workers in developed countries like the US face pay-cut demands from employers who threaten to export jobs.

For instance161 countries have value added taxes (VATs) on imports which are as high as 21.6% in Europe. This has created a culture of fear for many middle class workers who have little leverage in this global game • Large multi-national corporations have the ability to exploit tax havens in other countries to avoid paying taxes.

The upcoming Trans Pacific Trade Agreement will do the same thing and Congress should not fast track this bad agreement for a dozen reasons.

Enforcing the rules – China ignores trade rules and WTO laws with reckless abandon.

We can’t stop it but there are many things we can do to slow it down and make it more equitable. Leadership – We need politicians who are willing to confront the cheaters.

One of our biggest problems is that 7 of our trading partners manipulate their currencies to gain unfair price advantage which increases their exports and decreases their imports.

A story in the Washington Post said “20 years ago globalization was pitched as a strategy that would raise all boats in poor and rich countries alike. And in time trade barriers would drop to support even more multinationals expansion and economic gains while geo political cooperation would flourish.” There is no question that globalization has been a good thing for many developing countries who now have access to our markets and can export cheap goods.

and Europe consumers would have their pick of inexpensive items made by people thousands of miles away whose pay was much lower than theirs.

• Multinational corporations are accused of social injustice, unfair working conditions (including slave labor wages, living and working conditions), as well as lack of concern for environment, mismanagement of natural resources, and ecological damage.

• Multinational corporations, which were previously restricted to commercial activities, are increasingly influencing political decisions.

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