▶ Your Answer : The reading and lecturer are both concerned with several benefits in globalizing the world economy. The reading of author believes that globaliation have lots of economical advantages. However, the lecturer casts doubt on the claim made in article. The lecturer argues that globalization has many disadvantages in world economy. First of all, the author points out that wokers gain jobs by glaobalization. It is mentioned that globalization can make people work on foreign companies that pay higher than domestic firms and provide better merits. This point is chllanged by the lecturer. The lecturer suggests that most people can have jobs from factory that are closing down and are cheaper labers. Furthermore, the lecurer argues that according to a study, higher pay companies among 5 million jobs has dissapeared since 2000. Secondly, the author contends that foreign companies induce completely new technologies and drive education and training among locals. The author notes that technology advances by foreign companies drives the globla quality life up even in the poorest regions. The lecturer refutes that as people from foreign countires engage in manufacturing in reverse engines, which can learn how it was made, chaper knockoff can appear. He forth the idea that cheaper knock off can damage domestic companies in short term and long term. Finally, the author states that consumers can select from cheapest producers worldwide by globalization. The author argues that globalization can stimulate competition among companies. The lecturer , on the other hand, contradicts that the cases in the reading are just some cases, because the companies impose steep import tax. Furthermore,he insists that the 161 countires introduced VAT, which is over 20% in European. |