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How does globalization contribute sustainable prosperity
Global economy environmental impact
Sustainable prosperity and globalization
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To what extent does globalization contribute to sustainable prosperity for all people? Globalization plays a large part in contributing to sustainable prosperity. I believe without globalization, many people and countries would not have sustained prosperity. Ship breaking contributes to sustainable prosperity. A ship's life span can be anywhere from 25 to 30 years. After this point companies will sell the ship back to ship breakers in developing countries.Where they will be paid a couple dollars a day to dismantle the ships. After being dismantled the reusable material is sold back to local companies to be reused. Although this business is highly dangerous it still remains highly lucrative. In three to four months a ship can make nearly
“Globalization contributes to sustainable prosperity for all people”. This quote contains mostly truth but there are also many arguments towards how globalization really does contribute to sustainable prosperity for people all around the world. This can be supported by three main points. How the rise of Japan’s economy effected the lives of millions of people. How shipwrecking effects the lives of both the ship companies and the workers in Bangladesh, and how economic growth contributes to the sustainable prosperity of the population in a specific nation. Sustainable prosperity can be defined differently from different individuals because of people’s personal opinions and their perspective is also effected by the people who influence their lives the most, but the main definition of prosperity is to have good fortune, or growth in an economic way. Globalization creates a gateway for sustainable prosperity to all people and gives people all around the world the opportunity to gain prosperity.
Our global world is being more connected as we become integrated politically, socially and even economically. Due to the Bretton woods agreement, different countries have been economically dependent on each other in fear for war to erupt. From then on different organizations and policies tied more countries into being economic globalized. This economic globalization had then given us many opportunities in trades and more access to natural resources in other countries. Unfortunately, there are some negative effects that are brought to less developed country. Overall, many people believe that economic globalization does a great work on accumulating our economy and our quality of life.
Globalization helps many people achieve greatness. But for the majority it brings hardships and struggle. People will be plagued by the effects of globalization and will have a tough time over coming it. We are far from reaching a point where we can say we have sustainable prosperity throughout our world. But before we focus in on sustaining prosperity, we must first reach prosperity and bring it to all corners or the earth.
I stand with the sustainability of globalization economacaly the place witch is dealing with oil, pollution and clean energy.
Ironically, plastic, which is a material designed to last forever, is generally used for things we tend to throw away. Every year, about one hundred to two hundred billion pounds of plastic are manufactured. Only 31% of that plastic is actually recycled. Biomass packaging estimates 10% of that plastic ends up in the ocean annually. About 20% of it coming from ships and other platforms, and the other 80% coming from land derived sources, such as international garbage dumping, winds or tides, either way it finds its way to the ocean.
Costs incurred in locating and removing derelict nets were determined to be about $1,358 per net, and included expenses such as surveys, vessel, and disposal of derelict fishing gear. Economic benefits of marine debris removal were calculated according to the expected age of the net, the average weight of marine life recovered from the derelict gear, and the average value of the commercially important organisms saved by the net’s removal. In one example, a 10-year old net that catches about two pounds of crab per day wastes $19,656 worth of the resource. The cost-benefit ratio for recovery of this net was $1,358:$19,656 or 1: 14.5.
The essay, “The Noble Feat of Nike” by Johan Norberg basically talks about the effects of Nike going into third world countries, particularly Vietnam. Norberg explains how Nike’s factory gains from being in its desired location, Vietnam. Vietnam being a communist country comes to Nike’s advantage, because if they were located elsewhere they would have to pay workers higher wages and use more of their machines. Workers in these countries are provided with an air conditioned building with regular wages, free meal plans, free medical service, and training/education to operate the machinery within the factory. The workers find all of this beneficial and in their own favor because of the fact their earning double to five times the amount in wages than if they were working outdoors on a farm. This great deal, blinds them to notice the meaning behind the company’s location in Vietnam. The Nike factory was rather clever in making their location in that specific area to gain benefits for Western owners. The catch Nike gains from is simple. The owners pay factory workers only a small monthly sum from what they make selling the shoes to customers. Globalists state that the company doesn’t pull this fast one on the Western population because of our advancements compared to the Eastern countries. Western people would protest and strike to demand better wages for their work, but the people in Eastern countries have no choice but to deal with the injustice in order to support their families and educate their children.
The maritime transport is the backbone of the globalization and the international trade as over of 80%of world merchandise is transported by sea. This infrastructure system is a key to other sectors and business activities like ship manufacturing, fisheries, banking, insurance, transport and tourism. With this great impact a sustainability program should be addressed highlighting relevant issues for sustainable development.
Now, before I bash globalization it is some positive I would like to discuss. Globalization is great for the American economy; we can supply the world with our goods and services, which in turn can possible, relieve the deficit we’re in. “Homegrown industries see trade barriers fall and have access to a much wider international market. The growth this generates allows companies to develop new technologies and produce new products and services.” (Buzzle) Also, globalization leads to better relations between countries when they create trade agreements. Globalization does not drain every under-developed company but brings a new era of economic change and the hope of being a world super power to certain nations. “Economic globalization gives governments of developing nation’s access to foreign lending. These funds are used on infrastructure including roads, health car...
...ting the ocean in catching fish leaving almost nome left and selling it to Europe. "Losses estimated due to pirate fishing are estimated between 10 to 23.5 billion U.S.dollars per year, representing 11 and 26 million fish." (Environmental Justice Foundation, 2011). "Fish is a crucial source of protein for millions of people." (Environmental Justice Foundation, 2011). Pirate fishermen use nets they call "curtains of death" to catch hundreds of fish and kill them in the nets, coastal fishermen cannot compete with these.
On the other side, many analysts and economists suggest that Globalization has proven to improve society’s overall wealth (Bryan & Farrell, 1996) and that it will continue to do so in the future. Others also affirm that Globalization will improve people’s well being, encourage cultural exchange and promote democratization (Wildavsky, 1995) (Friedman, 2000) (Byrnea & Gloverb, 2002).
Using 1997 financial crisis and other examples, discuss how globalization is important to the modern business journalism. Introduction
I have mixed opinions about globalization as a whole. I think for the economies of most countries it can be beneficial as it will help develop non-developed countries. Globalization has the potential to make the world a better place to live and solve some very long standing problems like unemployment and poverty, which will have a positive impact in the future. Other than having one world government, which I think would have a negative impact in the future, I think globalization will have a positive impact in the future, if it will increase wealth, decrease poverty and allows cultures to blend without each country losing their own cultures.
As more emphasis is put on the globalization of industry, the need for environmental sustainability although as important as ever is often not included in the conversation. While the importance of the relationship between globalization and the environment is obvious, our understanding of how these twin dynamics interact remains weak. It is important to highlight that not only does globalization impact the environment, but the environment impacts the pace, direction and quality of globalization.
Globalization has been a start of a new modernized era in history. The source states that as an individual you are given prosperity, stability, and also predictability, and also points out that it helps developing countries modernize and catch up with developed countries, and also reduce poverty since new businesses are formed allowing more employment in the country due to the subsidies that wealthier countries give to them. The person who wrote this source is a pro globalist, and has probably experienced the prosperity that was given to them because of the global trading system. His perspective on globalization suggests that globalization is the key to advancing technology, good relations between countries, and is beneficial event in history. One should embrace the global economy as it creates many roads to achieve your goals in your life, and also for the weaker countries that needs support, but to a degree that the government can intervene with the market.