because large western MNCs (multinational corporations) are now able to set up branches abroad for much cheaper...they have better information about the world's trade and output and therefore are aware of the incentive to exploit cheap labour in countries such as china and india. Globalisation increases living standards to an extent but exploitation comes hand-in-hand with it.
Globalization = modern slavery. What a waist of time,what a waist of flesh!! We are still in the cave even with all this development and vast resourses. Human administration suks.
@pritpal24 Theoretically yes, but not all the money from globalisation filters down to those at the bottom of the chain. Nike or other manufacturers set up foreign subsidiaries in countries where labour is cheap and pay them a pittance, they then ship the products out all over the world. The profits go back to the home country and very little improves for the labourforce in the host country.
nice view where is this ?
maiusxia 2 months ago in playlist Macroeconomics
Dear Sir,
Can you tell us something regarding Keynesiam & Freidmanism...their basic postulates & contrasts!!!
One of yours' universal student..
Abhay, Vadodara, India
metanujai 4 months ago
nice video but the wind sound is so disturbing O_o
bananaskin88 5 months ago
Thank You Sir.
aditya123sahay 7 months ago
but these videos are beneficial!
tobyarsenal 8 months ago
heeey im a wanker and im outside!
tobyarsenal 8 months ago
because large western MNCs (multinational corporations) are now able to set up branches abroad for much cheaper...they have better information about the world's trade and output and therefore are aware of the incentive to exploit cheap labour in countries such as china and india. Globalisation increases living standards to an extent but exploitation comes hand-in-hand with it.
audacus 2 years ago
Globalization = modern slavery. What a waist of time,what a waist of flesh!! We are still in the cave even with all this development and vast resourses. Human administration suks.
Terrible212223 2 years ago
@pritpal24 Theoretically yes, but not all the money from globalisation filters down to those at the bottom of the chain. Nike or other manufacturers set up foreign subsidiaries in countries where labour is cheap and pay them a pittance, they then ship the products out all over the world. The profits go back to the home country and very little improves for the labourforce in the host country.
Hope I've been helpful
baboon69pashley 2 years ago 2
bla bla bla yada yada yada- its jerking off the American middle class
rickbar123 2 years ago