The decline of jobs, recalls on toys, cars, etc. and an affect on sovereignty is all created by globalization resulting in a negative effect on the developing world.
By Leslie2018
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Period: to
Globalization
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Developed Countries are losing jobs
“In 1960, 24 percent of all U.S. workers were employed in manufacturing, according to the Bureau of Labor Statistics. Today, it’s only 8 percent. After the passage of the North American Free Trade Agreement in 1994, the U.S. has lost 5 million manufacturing jobs”(Parton). -
Developed Countries are Losing Jobs pt. 2
With factories sending work overseas the employment rate is decreasing extremely fast. 24% of United States works were employed in manufacturing. But today only about 8% are now working in manufacturing because factories are benefiting more with cheaper labor. -
Unsafe Products are Being Distributed pt 2
Unsafe products are being brought in to the United States unknowingly because we are sending jobs overseas for cheaper labor cost but we don’t know how these ideas are being created. The Health and safety requirements are different all around the world which makes it much easier to make unsafe items and bring them here. -
Unsafe Products are Being Distributed
“In 2007, toy making company, Mattel, recalled about 7 million toys after they were found to be coated in lead paint at a manufacturing plant in China. Earlier this year, nearly 26,000 pounds of fish from Vietnam were recalled by the United States Department of Agriculture. Faulty airbags that could lead to potential death were discovered in Honda vehicles, forcing the Japanese company to do service recalls on more than 10 million cars”(Parton). -
Affects sovereignty
“In 2012, the French utility company, Veolia, sued Egypt because its government introduced a minimum wage, leading to higher labor costs for the company. U.S. oil company Chevron sued Ecuador after courts there found the company to be responsible for $9.5 billion in environmental pollution to indigenous communities”(Parton). -
Affects sovereignty pt 2
The ISDS has many agreements with many different countries which has its positive and negatives affects. But the ISDS has also cause so conflict. The ISDS controls the TPP or acts as a judicial review. This has caused conflict because the ISDS has the powers to delay or stop legislation.
