Globalisation is when we eat or buy things that have came from other countries other than the one you live in. For example: McDonalds come from the USA, not England. Another example is All Star Converse which are also made in the USA but we can buy them from England. Most the things we buy in the UK are owned by a company in the USA and the product has been made in China because of it being cheaper to make there. This is what Globalisation really is.
Globalisation has brought many benefits to us but at the same time many problems. A benefit is that globalisation brings a massive income of $31 trillion a year but at the same time this is a problem because 1.2 billion people earn less than $1 a day! A problem that globalisation has caused is some countries are not taking advantage of globalisation and their standards of living are dropping but some countries standards of living have improved which is a benefit of globalisation.
Without Globalisation we wouldn’t have most of the clothes we wear in every day life. Also we wouldn’t have most of your favourite foods, TV shows, music artists, etc. So without globalisation we wouldn’t have most the things we have today. But remember globalisation always has its bad sides.
Nike’s headquarters are based in the USA, where people are continually working on new designs for there products. When it has a new idea it searches the world for places to make the new product cheaply. Nike goods are made in nearly 40 different countries! These people making the product are getting paid half the UK’s minimum wage per day! While back in the USA at Nike’s headquarters they are spending nearly a billion dollars on advertising these new products so we buy them for a lot more than what they cost to be made and shipped to the UK!
As you can see most of the money goes to retail stores which they earn as profit and only 12% goes to making the product in a factory, surely they can afford to give more money to the factory workers, its not like the retail stores will miss out on much!
So then, I hope you now know a lot more about Globalisation than what you did before reading this.