Unit 3 Blog Entry: Economic Globalization

Part A: Reflection

In this unit I learned that a transnational corporation is one that operates in numerous countries.
I found it really interesting that Wall-mart has sweatshops
What surprised me this unit was that Canada and United Stated workes are loseing there jobs to india.
One concept that I am still having difficulty with is the elements for sustainability and global porsperity.

Part B: Free Trade

Free trade is a system in which goods, capital, and labour in all nations without barriers which could block the trade process. Many nations have free trade agreements, and several international organizations promote free trade between their members. A number of barriers to trade are struck down in a free trade agreement.Tariffs, and import are all eliminated as are subsidies, tax breaks, and other forms of support to domestic producers. Put simply free trade enables foreign companies to trade just as easily as domestic producers.

Part C: Globalization Cartoon

Disney licensee that produces a whole line of Disney apparel called Mickey Mouse Americanwear, actually fired adult workers to bring on child laborers. Disney has done this because child laborer is less cost .