Topic > Globalization and its effects on the environment - 3083

The globalization of industries can benefit or harm the industry. It can benefit industries by increasing their revenue or profits, establishing their products and operations in a new market outside their home country, reducing production costs, and creating jobs for citizens in the host country who will have a dramatic impact on the economy. However, globalization can harm an industry if government laws and regulations prevent them from entering the host country, if they believe the industry will affect the welfare of the host country, if there are laws against imposing low wages below the standard of host country, if import and export are low where the industry does not market its product successfully, if citizens of the host country do not want to buy the product manufactured by the industry, the industry can cause tension with the country host or industry may cause environmental issues that will affect the environment and living conditions of the host country. Although globalization can have a positive or negative effect, industries still firmly believe that globalization of business operations will be a huge success for the company in making its product and strategy known, and can strengthen the economics of both its country of origin and national one. in the host country by increasing imports and exports, which will result in higher demand which will increase their revenue. There have been some industries that use the idea of ​​globalization effectively, but they still face some key problems to enter the host country. There were some key political entanglements that drove the globalization of those industries. These sectors include aviation, energy, automotive, jewelry, sporting goods, sugar... middle of paper... claim to have evidence that exporters in Vietnam and around the world are involved in unfair commercial practices. practices in the shrimp industry. The Vietnamese have more than three million people involved in the shrimp industry and will have more to lose in the trade dilemma; However, the 13,000 shrimp fishermen of the U.S. Gulf Coast and southern Atlantis will have more to gain because of a law, the Byrd Agreement, that was reached under which the U.S. can impose punitive tariffs on US exports. The proposed shrimp tariffs of 4% to 12% would affect imports from Thailand, India, Brazil, Ecuador, China and Vietnam. Tran Duc Minh, Vietnam's vice minister of trade, said: "If tariffs are imposed, it will reduce shrimp production for the US market and this will result in higher prices for consumers, where the US government will hurt its citizens intentionally, which is irrational." The United States.