SY101 Chapter 5: CHAPTER 5 GLOBALIZATION
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Involves the interaction/integration of increased number through international trade and investment, travel and tourism, and information technology and mass media. Immigration: us has the highest migration, search for better life in richer countries. Wo(cid:373)e(cid:374)"s (cid:449)ork: many new immigrants work as domestics or textile workers (soft sectors because of a decrease in transferrable skills, unstable, low pay, high workload, high stress. Asia(cid:374) (cid:272)ou(cid:374)tries (cid:449)ork i(cid:374) (cid:862)e(cid:454)port pro(cid:272)essi(cid:374)g zo(cid:374)es(cid:863) i(cid:374) hazardous (cid:272)o(cid:374)ditio(cid:374)s (tax-free (cid:862)fa(cid:272)tor(cid:455) (cid:272)ities(cid:863), pro(cid:373)isi(cid:374)g good jo(cid:271)s (cid:373)a(cid:374)ufa(cid:272)turi(cid:374)g produ(cid:272)ts for e(cid:454)port(cid:895) Education helps people achieve: female graduates earn less than equal male counterparts and therefore spend longer repaying student debt. The movement of goods, services, capital overseas often leads to the disappearance of local enterprises, restaurants, entertainment venues in favour of branches pant of foreign based transnational corporations. Pros: benefit from increased employment and standard of living. In order to benefit, nations must open their borders to international trade: level playing field.