Globalisation:

Globalisation is a verity of different corporations that are extremely large such as McDonalds, Nike or Fanta. Companies like these are extremely successful and have taken over the majority of towns, cities and villages which is very good for them and keeps them in business. Although it may be good for the companies themselves it is a massive struggle toward small corner shop owners to keep their shops open and make the profit they need.   This is because the larger companies have cheaper prices which makes the public want to buy there items from the larger companies. The only good side as such is that the fact that in the majority of MEDC’S people can do more shopping more regularly in the bigger supermarkets which hold all of the bigger brands. When they buy, because it’s at a cheaper price than at smaller shops it means that the GDP of that area in particular will increase leaving people with more money to be able to take their family out and make time for leisure activities therefore it leaves that country economically stronger in the future.

As much as we feel that globalisation is a good thing because it gives us cheaper prices and gives us a stable economy but there is a bad side to globalisation. The companies may give us cheap prices but that’s only because the companies buy them for less because of what the manufacturers are paid. In LEDC’S these large companies have set up sweatshops where people are willing to work for less because they have no other option. On average a sweatshop employee is paid $2 not every hour but every week which is slave labour. As terrible as the pay is for these people what makes it worse is that they can’t even rise against it to get better pay because if they do then it is more than probable that the company will pace up and leave to a different country where they can start again and give the employees the same amount as they were giving the last load of workers. There is a solution to this problem if the leaders of the MEDC’S would stop offering people 3-5 tax free work area, if they did this MEDC companies could set up their own companies and boost their own economy. Although this idea may not work because many people in MEDC’S don’t have any qualifications or job experience therefore by working in these factories even though the pay is terrible it’s still a job and it’s probably one of the only job’s they can get in there country. Also by getting these jobs they can increase the amount of money within the country and all of its needs.