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☆☆☆☆☆Environmental-protection laws can be bad for the economy because they may increase unemployment.
A gift of money from one government to another government
It becomes more self-sufficient.
To get countries or companies to stop doing something objectionable
Its production costs for clothing were the lowest in the world.
They influence the national money supply,which affects the volume of international trade.
Lower production costs help lure foreign investment.
Control of the money supply determines how much money is available for international trade.
The mobility of goods, services, labor, and capital
The income level and standard of living
The income gap between rich and poor countries has widened.
Labor intensive production is cheaper to do in countries with lower pay rates. In the US, there's a minimum wage, other places there isn't.
Some other textile tasks, like dyeing(which is often toxic), is cheaper to do in places with less environmental restrictions.
Cheap imports can force U.S. companies out of business.
Foreign countries often accept lower salaries and poorer working conditions, meaning stuff can be made cheaper there.
Normal Trade Agreement
Free-trade policies
Increased prices are not a hazard of globalization.
Increased foreign investment.
Competition with lower wages and jobs leaving the country are some of the major drawbacks of globalization.
Economic growth is one way that people in the United States benefit from globalization.
Many developing countries do not benefit from free trade policies, because their industries are to weak to compete in the international market.
the level of wealth
the migration of workers
by bringing wage reductions
