Week 3: Perspectives of Globalisation

During my Global Citizenship class, we were assigned to a task where we articulate on the ten perspectives of globalisation. Here this one in particular allowed me to think about whether globalisation is in fact a negative trait in the development of economies.
 Referring back to my last post on the trade and how it affected the morals of slavery, this picture with the two hands being cuffed- a white male and a black male hand, could articulate on whether the 'united colors' does benefit the society as of today. The quote here says that

' We live in a global village, where people just like us engage in production and consumption to get the things they want and need. They may use different resources , foods and listen to different music. Nevertheless from American to Zimbabwe we rely on each other in one big global market place (imagine life without tulips from Holland, Cocoa from Africa and clothing and textiles from Asia).'

The key assumptions of globalisation as of today defines that our economy is made up of globalising the trade routes, production and even knowledge shared between the developed countries. We see that to gain niche markets or use of our scarce resources are due to the globalisation through free trade.

What we do not see in the practices of free trade are the misuse of power by multinational corporations and the misuse of 'free trade.' From my previous blogs, I mentioned about the ABC report on the Bangladesh clothing manufactures. The political debate about poor working conditions and the mistreatment of the mass labors had caused a huge gap between the developed and third world countries. We see that these corporation 'don't give a damn' about the scarcity of resources or the working conditions of the labors, it is all about profiting from our pockets when we purchase the branded clothing. This leads to me thinking about the powerless Governments or 'relaxed restrictions' on labour in some developing countries- like Bangladesh. If the Government does not intervene with such powerful corporations of course, there is such unjust conditions implemented into the lives of those who are struggling to earn such living. But if the Government intervenes, there would be no money inflow to that particular economy and such welfare for those who need it cannot even afford to access the basic needs of life.

Corporations are ruling the lives of those in these societies and therefore there is no way to stop them. It is all about the resources that these corporations hold that makes Governments stand back and provide whatever resources they have in the economy to produce the dollars.