Illustrate the importance of globalization

QUESTION 1

 

To help illustrate the importance of globalization to our everyday lives, this activity asks you to select one particular room in your home, perhaps the living room. Examine each item present in this room to determine its country of manufacture. Make a list of all of the items in this room along with its country of origin. Alternatively, examine all of your articles of clothing in your closet and shoe rack, noting the country of manufacture.

How many of these items are made in the U.S.? How many are made in other countries? Which ones? Finally, did any countries of origin surprise you and if so why? Write your thoughts and impressions about this exercise in your Journal in an entry exceeding 100 words.

 

QUESTION 2 (USE ZIP6 SCENARIO THAT I POSTED IN PREVIOUS HOMEWORK) ( YOU CAN CHECK OUT PDF ATTACHMENTS FOR HELP-CHAPTER 3&4)

 

Many sports beverage companies use cola products that are sourced from local small farmers in lesser developed countries. These companies purchase their raw materials from local “buyers” who purchase the crops of cola nuts grown by small farmers. In an attempt to eliminate unfair buying practices, some smaller beverage companies have announced that they will only purchase “Fair Trade” certified ingredients for use in their products. Ravi recently received a letter from a Fair Trade group outlining abuses suffered by these small farmers and asking Zip-6 to join in the Fair Trade initiative. Fair Trade ingredients are slightly more expensive than traditionally sourced ingredients. Ravi is weighing how to respond. Read the following Philosophical Approaches to Ethics:

Cultural Relativism- (p.144-145)

Justice Theories (P.149-150

Rights Theories (p.148-149)

You are asked to select one particular approach to apply to the above scenario and respond to the checklist items below:

  1. Which ethical approach do you feel would best address this issue and why?
  2. Based on your chosen ethical approach, what should Ravi’s response be to the request, and why?

Write your thoughts and impressions about this exercise in your Journal in an entry exceeding 100 words

 

QUESTION 3

 

To help illustrate your understanding of government’s role in influencing trade, this activity asks you to reflect on your own feelings about China enjoying “Most Favored Nation” status in its trading with the United States while China often does not reciprocate in its trade policies when it comes to trading with the U.S. Given what you know about the U.S. – Chinese trade relationship from television, newspapers and magazines, do you feel your own government has adequately represented its workers in its enforcement of trade policy with China, why or why not?

Write your thoughts and impressions about this exercise in your Journal in an entry exceeding 100 words

 

QUESTION 4 (YOU CAN CHECK OUT THE LAST HOMEWORK I SENT YOU TO USE IT AS A RESOURCE)

 

To help increase your understanding of the importance of Foreign Direct Investment (FDI) into your country (Inward or Inflows) this Assignment asks you to read a short report. To located the report, go to the website for the U.S. Economics & Statistics Administration. Then go to the “Reports” at the top of the site and then June 2011 Foreign Direct Investments in the U.S. Next, click on the PDF on the right hand side.

Please respond to the following:

Did this report give you additional insight into the role of foreign ownership of businesses in the U.S. ? Why?

Does this information agree with or conflict with popular opinion about foreign-owned firms and why?

Write your thoughts and impressions about this exercise in your Journal in an entry exceeding 100 word

 

THANKS,

 

BAKILIYAM

 

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