No First 5Agenda: Take out your packets on the MNC- you were to highlight the pros and cons- today you will be making a chart of the pros and consTomorrow you will be writing an in class essay on Globalization

Driving force to go green Globalization has facilitated the

spread of technologies that have contributed to dramatic improvements in health, life expectancy and literacy in poor countries.

MNC pays a wage premium Life expectancy doubles in

countries like China Regions lacking MNCs have

worse child labor

Worse child labor rates and the smallest reduction

Provide very competitive environment

Low wages for long hours Abuse of workers Government doesn’t care for

workers No regulation Pollution due to factories – ex.

China No relationship between the

price of a product and the wages paid

No health benefits

Gives wages to people who didn’t have jobs

Allows people to work longer hours

Obtains some kind of employment

Spread “Green” technologies African and Asian child labor

rates dropped Poor make more money working

for MNC than companies in their own countries.

Exploits poor people in less developed countries

Globalization creates higher inequality

Poverty and inequality spreads rapidly

Does not follow child labor laws Larger MNC make it harder for

local companies to compete Increase in the degradation of

forestry Labor laws don’t apply to MNC in

less developed countries

More jobs for people in less developed countries

Children did not report being forced to work(child labor)

Spread of technologies have contributed to dramatic improvements in health, life expectancy, and literacy in poor countries

Bad cases are rare High quality- low priced products

MNCs violate labor rights Companies don’t meet the

demands of decency Low wages (especially for

women) Hinders the economic progress

of smaller countries Workers are often exploited and

work long hours without breaks

Globalization is the ….(definition) With the increase of Multinational Corporations which spread the development and wealth of products, technology, and services to less developed countries, there has been an increasingly more positive impact than negative. Globalization and MNCs positively impact the world in the areas of national economic stability, personal wealth improvement, and increased health and life expectancy.

Globalization impacts less developed nations through the increase of wealth that the nations themselves experience from MNCs. One example of this is…..