Nike started facing a fierce criticism for its unethical practices of conducting business in developing countries. Critics accused Nike for poor working conditions‚ exploitation of cheap overseas labor‚ and violation of minimum wage and overtime laws in countries‚ such as China‚ Vietnam‚ Indonesia‚ and Mexico‚ where the company had outsourced its manufactures. Instead of using ethical means to developing a global brand‚ Nike used child labor and every possible cheap way to increase its profits.
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and tobacco increases in wealthier countries‚ this is negatively impacting the overall environment in the third world countries. Large agribusinesses and companies investing in agricultural lands of the third world countries have resulted in land ownership to be limited. This kind of activity results in loss of jobs in developing world‚ where the entire rural economy depends upon agriculture. This induces the phenomenon of urban migration‚ in the developing countries‚ where the cities are already overpopulated
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THE CONCEPT OF GLOBAL HEALTH AND THE 10/90 GAP “pneumonia ‚ diarrheal diseases‚ tuberculosis‚ and malaria when combined have been estimated to account for more then 20% of the disease burden in the world(mostly in developing countries)‚ yet they receive less than 1% of the total public and private funds which are devoted to health and research.” Global health is the health of the population in a global context and transcends the perspectives and concerns of individual nations. Global health
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primarily rich‚ industrialised North Hemisphere and a poor‚ developing Southern Hemisphere which is almost entirely dependent on the North. This idea reached its peak with the publishing of the Brandt report in 1980‚ which made 10 key proposals for policies to reduce the global inequality between the north and the south. All 8 of the G8 nations are in the Northern Hemisphere and out of the 30 members of the OECD‚ 26 are northern countries. This concept is believed to belong to the neo-colonialist
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become a catchall term for all manner of political‚ economical ‚ social‚ environmental‚ and cultural change. In Defense of Globalization‚ Jagdish Bhagwati ‚ the term “globalization” refers to the liberalization of trade and trade barriers between countries and corporations. Despite its elusive definition‚ or perhaps because of it‚ globalization has acquired many critics in the past decade or so. Globalization is certainly the buzzword of the new millennium. The nature and impact of globalization has
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international trade‚ with the persistent poverty in many aid-dependent African countries. The debate of whether foreign aid is beneficial or harmful to a country in need can be seen as foreign aid directed to Africa has significantly grown yet this has not benefited the continent as it is still considered ’developing ’ and is in a state of widespread poverty (Alesina‚ Dollar‚ 2000). Asia‚ which was once also considered a third world country has developed a strong economy and infrastructure with not aid that
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Multinational corporations have existed since the beginning of overseas trade. They have remained a part of the business scene throughout history‚ entering their modern form in the 17th and 18th centuries with the creation of large‚ European-based monopolistic concerns such as the British East India Company during the age of colonization. Multinational concerns were viewed at that time as agents of civilization and played a pivotal role in the commercial and industrial development of Asia‚ South
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CHAPTER 20—ENVIRONMENTAL LAW TRUE/FALSE 1. Investors in developing countries face minimal risk that environmental standards in those countries will become stricter over time. ANS: F PTS: 1 2. The real purpose of U.S. corporate average fuel economy standards was to make it difficult for Japanese luxury cars to compete in the U.S. market. ANS: F PTS: 1 3. The GATT allows member nations to impose tariffs on imported products that are not "sustainably" produced (that is‚ that are produced in
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Multinational corporations are companies with their home base in one country and operations in many other nations. Most of these‚ very immense firms‚ establish in third world countries or developing countries where they manufacture the same identical product for very low costs compared to the ones in developed countries. One of the purposes of MNC’s is to create an economic development which is described as sustained growth in income per capita over a period of time‚ which usually involves a structural
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is essential. Thus‚ the definition is in order. Globalization is the name for the process of expanding the connectivity and interdependence of the world’s markets and businesses. It is also acknowledge as a technique of communication among the countries of the world in order to expand the worldwide economy. However‚ this process has speed up significantly in the last two decades as technological advances make people to travel‚ communicate‚ and do business internationally much easier way. So far
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