Globalization : The Positive nad Negative

Why do factories in Europe move to Asian countries like Vietnam, India and Indonesia?Why do factories in Europe move to Asian countries like Vietnam, India and Indonesia?

• To increase wages for workers.

• To find cheaper labor and lower production costs.

• To reduce pollution in Europe.

• To improve the quality of products.

Explain what will happen to the factory workers in the United States if there will be fewer factories in their countries?

• They will have more job opportunities in other industries.

• They will get higher wages due to the shortage of workers.

• They will work in factories that are moving to other countries.

• They may lose their jobs and have fewer employment opportunities.

Factory workers in Indonesia earn $4 per day. Is it enough? Justify your answer.

• No, $4 per day is enough for entertainment, but not living expenses.

• Yes, $4 per day is more than enough because of low living costs.

• No, $4 per day is not enough to cover basic living costs.

• Yes, $4 per day is enough to cover basic living costs.

Compare the daily wages of factory workers in different countries. Do you think it's fair? Justify your answer.

• UK: $96

• US: $76

• India: $5

• Vietnam: $15

• Indonesia: $3

Consider the number of factories in each country:

• UK: Very few factories

• US: Few factories

• India: More factories than Vietnam

• Yes, the wages are fair because each country has a different cost of living and economic situation.

• No, the wages are not fair because workers in countries with fewer factories earn more than those in countries with more factories.

• Yes, the wages are fair because countries with fewer factories tend to have higher living costs.

• No, the wages are not fair because the economic situation and cost of living in countries like Indonesia and India should support higher wages.

What can Cambodia do when a natural resource, such as rice, becomes scarce?

• Increase the price of rice to reduce demand.

• Rely on importing rice from other countries.

• Stop producing rice and focus on other crops.

• Use technology to improve rice production.

What can Cambodia do when they have a surplus  (too much) of rice?

• Destroy the extra rice to prevent waste.

• Sell/export the surplus rice to other countries.

• Stop producing rice and focus on other crops.

• Give away the rice for free to the local population.

How are global trade and globalization the same?

• Both involve the exchange of goods and services between countries.

• Both refer to the same concept of worldwide communication networks.

• Both involve the sharing of cultural traditions between countries.

• Both focus on improving the local economy of a single country.

How are global trade and globalization different?

• Global trade is concerned with people moving, while globalization only focuses on goods.

• Global trade happens only in large countries, while globalization happens in small countries.

• Global trade is only about exchanging money, while globalization is about trading goods.

• Global trade refers to the exchange of goods and services, while globalization includes cultural, economic, and technological connections between countries.

Describe what happens to employees or the local community. You can describe a cost or a benefit.

An American company moves their factory to Bangladesh.

• Employees in Bangladesh benefit from higher wages and better working conditions.

• The local community in Bangladesh may get more job opportunities, but wages may be low, and working conditions may not improve.

• Employees in the United States will get better job opportunities as the factory moves abroad.

• The American company will face higher costs and lose its customers in Bangladesh.

What happens to employees or the local community when a global fast-food chain builds a restaurant in your neighborhood? You can describe a cost or a benefit.

• The neighborhood loses customers as the fast-food restaurant attracts people from outside the area.

• The local community benefits from the restaurant offering healthier food options.

• The employees in the restaurant will receive high wages and excellent benefits.

• The local community benefits from more job opportunities, but the restaurant may lead to increased traffic and noise.