Podcast
Questions and Answers
What is a primary reason for the globalization of capital?
What is a primary reason for the globalization of capital?
Rich and powerful banks and industrial companies seek to exploit cheap labor and democratic deficiencies in developing countries.
How do globalization proponents argue it benefits developing countries?
How do globalization proponents argue it benefits developing countries?
They argue that globalization creates jobs in poor countries.
What type of rights might be lacking in countries that attract globalization of capital?
What type of rights might be lacking in countries that attract globalization of capital?
Democratic rights, such as the right to form trade unions.
In what regions is globalization of capital mostly established?
In what regions is globalization of capital mostly established?
What is one negative outcome often associated with the globalization of capital?
What is one negative outcome often associated with the globalization of capital?
Flashcards
Globalization of Capital
Globalization of Capital
The process of capital (wealthy banks and businesses) spreading across the world, particularly to developing countries.
Developing Countries
Developing Countries
Countries with less developed economies, often characterized by lower wages and fewer worker protections.
Exploitation of Cheap Labor
Exploitation of Cheap Labor
The use of workers in a particular region for their low wages and weaker labor laws.
Trade Unions
Trade Unions
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Globalization Creates Jobs
Globalization Creates Jobs
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