A Global Market: Corporation Domination
Globalization will indubitably strain the process of development of third world countries and would in fact deteriorate already developed countries. With the implementation of fair trade policies and the straining policies that the WTO (World Trade Organization) initiates, globalization will become a threat to the current status of power around the world. Globalization is the process by which regional economies, societies, and cultures have become integrated through a global network of politics through communication, transportation, and trade. Globalization will create a one world economy, ...view middle of the document...
However, as globalization becomes more relevant throughout the world, the benefits and economic prosperity China is now experiencing will leave as fast as it arrived.
If globalization is encouraged by every country, then it is possible that there won’t be enough jobs to maintain every person’s needs. Soon enough the world will be merged into a global labor pool where people must compete for jobs with people on the other side of the globe. The individuals that are contempt with earning extremely low wages rather than living in poverty are now competing with individuals who would not satisfy earning less than minimum wage. Because of globalization, big global corporations will search for the cheapest labor they can find, and if individuals refuse to live in poverty, they will have no choice but to succumb to the corporations. Considering the natural avarice of corporations, it is logical that there will be no concern paid to the development of third world countries. These global corporations will have no intentions of insuring democracy, but in fact will threaten it.
The World Trade Organization (WTO) is detrimental to the status of the world. The WTO forces its will upon countries that don’t adhere to the organizations policies. Under the clean air act, the U.S. regulated which types of gasoline were admitted to be sold in the country. The WTO agreed that this would become a disadvantage to their organization, to meet the United States standards. In response the WTO threatened the U.S. to either change their policy or face annual trade sanctions. In coherence to this demand, U.S cites that were required to sell cleaner reformulated gasoline, are now subjected to use dirtier gasoline according to Chris McGinn (The Ethical Spectacle). Under WTO policies, the citizens of the United States will now be exposed to air pollution which will ultimately put a damper on people’s way of living. It is sequentially in direct effect of fair trade that American policy is being interjected in such undemocratic fashion.
Instead of a traditional system of exchange, fair trade importers purchase from fair trade cooperatives as directly as possible. In doing so, it eliminates unnecessary middlemen and empowers sellers to survive in a global market. Fair Trade is a system of commerce based on the homage of producers, communities, consumers, and the environment according to Sarah Tarver-Wahlquist (Green America). The fair trade policy is designed to promote freer trade worldwide by opposing protectionism at home, enforcing individual cases brought under US trade law to counter “unfair” foreign practices and some “fair” trade practices which lead to adverse impact to US economy. If fair trade policies can conflict with democratic policies of a strong nation like the U.S. then it is certain that weaker nation’s democratic...