No First 5 Agenda: Take out your packets on the MNC- you were to highlight the pros and cons- today you will be making a chart of the pros and cons Tomorrow you will be writing an in class essay on Globalization

 Driving force to go green  Globalization has facilitated the spread of technologies that have contributed to dramatic improvements in health, life expectancy and literacy in poor countries.  MNC pays a wage premium  Life expectancy doubles in countries like China  Regions lacking MNCs have worse child labor  Worse child labor rates and the smallest reduction  Provide very competitive environment  Low wages for long hours  Abuse of workers  Government doesn’t care for workers  No regulation  Pollution due to factories – ex. China  No relationship between the price of a product and the wages paid  No health benefits

 Gives wages to people who didn’t have jobs  Allows people to work longer hours  Obtains some kind of employment  Spread “Green” technologies  African and Asian child labor rates dropped  Poor make more money working for MNC than companies in their own countries.  Exploits poor people in less developed countries  Globalization creates higher inequality  Poverty and inequality spreads rapidly  Does not follow child labor laws  Larger MNC make it harder for local companies to compete  Increase in the degradation of forestry  Labor laws don’t apply to MNC in less developed countries

 More jobs for people in less developed countries  Children did not report being forced to work(child labor)  Spread of technologies have contributed to dramatic improvements in health, life expectancy, and literacy in poor countries  Bad cases are rare  High quality- low priced products  MNCs violate labor rights  Companies don’t meet the demands of decency  Low wages (especially for women)  Hinders the economic progress of smaller countries  Workers are often exploited and work long hours without breaks

 Globalization is the ….(definition) With the increase of Multinational Corporations which spread the development and wealth of products, technology, and services to less developed countries, there has been an increasingly more positive impact than negative. Globalization and MNCs positively impact the world in the areas of national economic stability, personal wealth improvement, and increased health and life expectancy.

 Globalization impacts less developed nations through the increase of wealth that the nations themselves experience from MNCs. One example of this is…..