Globalization

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the concept of the entire world. Secondly, the privileged and wealthy people have become victims to techno-isolation which derives from the infamous digital divide, where one could argue its negative effects Thirdly, the many social dimensions of globalization open up space for debate to truly understand the overall affect of globalization.

It is believed that globalization was first fashioned along with the beginning of trade, meaning the people with money, or the means to trade were the only ones who benefitted from the fruits of trade. And ever since then, only those who are wealthy, or owners of transnationals, or countries that hold monopolies are the only ones who seem to be profiting or gaining from globalization. Large athletic brands around the world are able to make tons of money off of its production, but the amount of cheap labour the companies use is almost the same as the amount of profit they generate. For example, Nike is a very well-known brand; as its products ...

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that are a part of the production process in order to reduce their costs. Again, this leads to lower wages for all the labour workers. In 2002, male-banana plantation workers in Ecuador were paid about $6.40 per day. Some women were paid even less, and children were sometimes not paid at all. What is the point of selling bananas worldwide, if the farmers who grow them cannot afford to have a lifestyle to sustain their farms, let alone be able to purchase their own produce? Unfortunately, the workers seem to always fall to the negative effects while the wealthy seem to have it all, but are the wealthy really benefitting from globalization?

It is estimated that around 700 million people ...

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