Politics and Government
Chariot Racing
Business Globalization
Industrial Revolution

Who are the winners and losers of globalization?

User Avatar
Wiki User
2010-12-12 12:42:05

there are heaps of winners and losers of globalization - the

poor people who work in factories mass producing cloths and shoes

etc. for such a small amount of money are losers because their

dignity is affected and they are working long hours for nearly no

money. These workers are also winners because getting some money is

better than no money at all and there government is happy because

there economy is slowly growing. the CEOs of big companies are

winners because they are getting their products made for such a

small amount of money and they can then sell it in expensively and

gain so much more money. The consumers are losers because we are

paying so much money for something that cost so little to make. The

CEOs are also losers in an ethical since because they are ripping

people off and so are the governments of developing companies, they

could demand that the workers get paid more but they don't because

then they may say no and take their business to a completely

different country and everyone in that country would suffer. this

is merely the beginning of the answer but i hope it helps.

Copyright © 2020 Multiply Media, LLC. All Rights Reserved. The material on this site can not be reproduced, distributed, transmitted, cached or otherwise used, except with prior written permission of Multiply.