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globalisation


Posts: 18
Joined: 2003-02-13
Dyson won the patent against hoover for the cyclonic vacuum cleaner. Given the success of Dyson's vacuum cleaners the world over i was quite stunned when reading that Dyson was to close a manufacturing plant in Britain to transfer to one of the developed nations which was due to global pressures. I couldnt' quite get my head around the fact that such a successful product having just been vindicated against copyright fraud, was now allegedly in need of 'cost savings' at the expense of British jobs. Further, increasingly i notice that the service industries in england ie. call centres are moving over to such places as India where they can employ educated staff to feild calls around the world all at significant cost reduction to the organisation concerned. Now what savings will these companies make if the very people who depend on jobs to earn money are no longer able to buy the products/services nor being rather put out by unemployment and insecurity for the future might be disinclined to support any such companies that choose to utlilise profit at the expense of the community. Especially if one might suspect that any company has dealings with employing people whose developing countries have relaxed laws on health and safety or do not pass on the same benefits to it's employees as we might enjoy here in the west. There are issues of wage/health and safety/humanitarian rights to consider. Recently one of the big clothing store chains in england 'LIttlewoods has changed ownership and from being a champion of fair and ethical trading is now dismantling it's ethical trade department. The global fair trade movement is gaining ground and i believe such practices will only serve to disenfranchise the buying public. i'm currently studying a course on economics at this time in London in order to understand how the global economy is working. So i'm hoping to keep informed about the issues as they come up.



Posts: 90
Joined: 2003-12-31
Re: globalisation
i'm currently studying a course on > economics at this time in London in order to > understand how the global economy is working. So i'm > hoping to keep informed about the issues as they come > up. That is very good news - because by the time you do understand more of how the global economy works, you will be reassured that those issues of concern to you are not as bad as they seem. In the medium to long term, everybody will gain from them.



Posts: 1
Joined: 2004-10-16
Re: globalisation
Hi, i'm a current student studying Economics... I've been browsing through the forum for some info for my upcoming presentation on Globalisation for International Trade theory and Policy. Although all the discussions are very interesting, they are in-depth, and i cannot include all in my speech. I was wondering if anyone would be as kind as to help give a few pointers regarding 'Globalisation Problems'.... mainly the downsides for economies. Thanks, Veronica Message was edited by: V



Posts: 16
Joined: 2005-05-02
Re: globalisation
What's misleadingly called "globalisation" is really economic integration.


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