Globalization

The world now is connected more then it has even been before and although it benefits trade and developed nations there are many negative benefits which mostly effect developing nations. Companies like Walmart which are large corporations benefit from globalization as they now have the ability to import products form around the world. This allows them to purchase products that are cheaper by outsourcing the purchased products from countries such as china and thailand. This is possible because of of poor wages and work conditions which allows for cheap labour. This may seem beneficial as products are cheaper and more affordable but it greatly effects the small businesses that can't compete with the cheap products. For example if a farmer grows produce and sells it in his own store and Walmart moves in next-door and sells that same product at a fraction of the price customers are less likely to purchase the farmers produce, putting him out of business. In countries such as Italy they have recognized the problems that are associated with these large superstores and haven't allowed them to take over. Developing nations will never get out of the cycle of poverty if these large successful superstores are continuing to buy cheap labour induced products and cutting out he little guys. If farmers in developing nations are paid fair wages for their products it will not only benefit them but our people as well. An initiative that I have already taken place is fair trade (sold at Starbucks) which provides farmers in developing nations a fair pay for their coffee beans and cocoa beans. Think about where your product came from before you buy it and buy local when possible.