In his international business class, Professor Jang organizes a debate on the societal effects of globalization. Juan Prince takes a position that highlights the negative effects of globalization. He begins by emphasizing how multinational enterprises can wield so much influence that they threaten national sovereignty--specifically, the challenge and constrain the fundamental right of a government to regulate, as its see fit, the activities and affairs and take place within its national borders. He also notes the prevalence of low wages and sweatshop conditions as International firms moves among markets searching for and exploiting low-cost labor. Juan then describes the detrimental effects of corporate pollution on the environment, noting the companies often moved to countries where there are lax environmental regulations, operate negligently and pollute the environment. He ends his argument by explaining how market globalization helps homogenize national cultures, as large global enterprises convince people to buy the same thing, the same way, no matter their cultural heritage, outlook, or orientation. Rina Taylor is assigned to counter Juan's position. Which of the following most likely supports Rina's counterargument that argument Multinational corporations punish workers with low wages developing countries? A) Electrolux decision to relocate its manufacturing facility from Detroit to Mexico led to the loss of 3,700 jobs in Michigan. B) Minimum wages should be established at set levels, regardless of the impact on the number of jobs. C) Vietnam, Indonesia and Cambodia have seen a five-fold increase in wages as a result of the growth of the Light manufacturing industries funded by investments from by foreign companies. D) Many African and Middle Eastern countries still suffer from low economic growth.

Understanding Business

12th Edition

ISBN:9781259929434

Author:William Nickels

Publisher:William Nickels

Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment

Section: Chapter Questions

Problem 1CE

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In his international business class, Professor Jang organizes a debate on the societal effects of globalization.

Juan Prince takes a position that highlights the negative effects of globalization.

He begins by emphasizing how multinational enterprises can wield so much influence that they threaten national sovereignty--specifically, the challenge and constrain the fundamental right of a government to regulate, as its see fit, the activities and affairs and take place within its national borders.

He also notes the prevalence of low wages and sweatshop conditions as International firms moves among markets searching for and exploiting low-cost labor.

Juan then describes the detrimental effects of corporate pollution on the environment, noting the companies often moved to countries where there are lax environmental regulations, operate negligently and pollute the environment.

He ends his argument by explaining how market globalization helps homogenize national cultures, as large global enterprises convince people to buy the same thing, the same way, no matter their cultural heritage, outlook, or orientation.

Rina Taylor is assigned to counter Juan's position.

Which of the following most likely supports Rina's counterargument that argument Multinational corporations punish workers with low wages developing countries?

A) Electrolux decision to relocate its manufacturing facility from Detroit to Mexico led to the loss of 3,700 jobs in Michigan.

B) Minimum wages should be established at set levels, regardless of the impact on the number of jobs.

C) Vietnam, Indonesia and Cambodia have seen a five-fold increase in wages as a result of the growth of the Light manufacturing industries funded by investments from by foreign companies.

D) Many African and Middle Eastern countries still suffer from low economic growth.

Definition Definition Increase in the amount of goods and services produced by a country in a given period of time compared to an earlier period. Economic growth is generally coupled with a rise in national income or the purchasing power of individuals. It is often measured in terms of the increase in a country's gross domestic product (GDP), or the overall monetary value of all the complete or final services and goods that a country can produce within its domestic boundaries in a specific period.

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