Analysis Of Globalization And Challenges

Globalization is an instrument that can assist you with your business around the world (Tapper, 2000). At the point when an organization chooses to go “worldwide,” it will be productivity with a frequently increment. Few out of every odd business, in any case, will profit by globalization. A few associations may have a sound development in the worldwide market; however, a few associations should beat numerous difficulties before they are set up. Nike, the world’s driving shoe company, because of its untrustworthy work practice, has had a ton of awful promoting. Specialists at Nike’s manufacturing plants were constrained in a risky workplace to stay at work longer than required and paid slave compensation. Terrible promoting identified with the act of Nike’s work has demolished its notoriety and brand picture totally. The organization has turned into an objective for developments against globalization and hostile to sweatshop. Hostile to Nike battle has brought issues to light in underdeveloped nations of sweatshop work. Some censured that with the right systems, Nike did not uphold it implicit rules. Phil Knight, Nike’s CEO understood the earnestness of the issue in the wake of getting numerous grumblings about his unscrupulous practice. He visited the agreement processing plants of Nike and gave an assortment of addresses about his forthcoming activities to improve the circumstance of human rights (Hobbs, 1998). Numerous individuals question his truthfulness, in any case, and dread that he couldn’t satisfy his guarantees of a sound laborers. Indeed, even up until this point, Nike still battles to crush the open’s negative inclination (Hobbs, 1998). Would this issue be settled by Nike? Has Nike attempted to improve Asia’s working conditions?

Globalization is commonly understood as the spread of culture, language of religion, communication, technology, commerce, media, and transportation influence. This spread has involved cross-border interconnection of economic and non-economic activity (Smith & Doyle, 2002). Today, many companies are moving their business operations to foreign countries by going global (for example, Apple, Coca-Cola and Dell). They have various reasons to do business internationally. Some companies choose to expand into new markets, some want their business to diversify, and some want to increase market share and brand value. Other reactive or defensive reasons for doing business overseas are: trade barriers, customer demands, competitor globalization, and regulations and restrictions (Okolo, 2008). Production costs in developed countries have risen tremendously today. Many companies, like China, Cambodia, South Africa, India, Vietnam and Indonesia, have outsourced their entire production operation to developing countries or third world countries. They believe that their production, labor and utility costs will eventually be reduced by offshoring production or service.

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Nikes Industry

The athletic footwear industry has been affected by recent economic crisis. However, in 2009, the market for athletic footwear declined less than in 2008. Sales of athletic footwear were down 1.4 percent and sales were down 3.2 percent in 2008. Footwear is considered less cyclical than clothing when consumer spending is under pressure. The footwear market is expected to continue to grow over the next few years by analysts. (Press release from Prolog, 2009). The US is the world’s largest market for sporting goods. Most businesses in the US face rising prices of raw materials and labor costs. Many companies have focused on moving manufacturing work to Asia increasingly. Countries such as Vietnam, Indonesia, and China have become a major outsourcing destination for American manufacturers of apparel and footwear. The sporting goods retailer market is highly competitive and highly fragmented. In the future, intense competition will drive weak businesses out of the market. Thus, many retailers are reducing their presence in saturated markets in underperforming markets or limiting store growth.

Child Labor

Child labor is spread throughout Pakistan. Sialkot, a city in Pakistan, is a center for export-oriented goods production, especially sports goods such as hand-stitched soccer balls (Locke & Siteman, 2001). Approximately 70 percent of the world’s soccer balls are made in Sialkot and companies such as Nike, Adidas, Reebok and Miter are importing Sialkot soccer balls. Nike contracted with SAGA Sports for its soccer ball production in the 1990s. Both firms benefited from child labor access in Pakistan (Haider, 2007). Life magazine published an article on child labor in Pakistan in 1996, which included a photograph of a young boy sewing a Nike soccer ball.

Slave Labor

Over 80% of Nike’s outsourced factories are in Asia such as China, Thailand, Indonesia, and Vietnam. These countries ‘ government forbade workers from forming independent unions and at the rock bottom set the minimum wage. Labor activists criticized the workers being paid below the minimum daily wage in the Nike factories. Nike’s subcontractor paid less than US$ 3 a day for workers in Indonesia (Medea, 1998), and the wage did not meet one individual’s basic needs. In 2006, the Worker Rights Consortium calculated that living wages in Indonesia were approximately US$ 8 per day (Bose, 2008) and the Indonesian government admitted that minimum wages covered only 70 percent of basic wages.

 

Creating Families Much Later In Life

“Many men and women are creating families much later in life compared to 10 years ago. Adults in the United States are choosing to remain child-free relatively by force versus choice according to some media and educational outlets. Countless women and couples are now having children later in life either by embracing adoption, surrogacy, or egg/sperm harvesting. They consider it healthy nowadays for women to elect not to have children or have them later in life when they have reached a certain income bracket or obtained a desirable amount of success in their careers.

According to the U.S. Census Data from the Pew Research Center fertility is last on the list for many Americans overall. The report discovered that, at the end of most women childbearing ages, the percentage is significantly less for women who live in the United States. The researchers determined that women that given birth was greater in the 2000s than it was a decade prior to the article being written. They can safely say that women and couples are having children with a more realistic methodology. However, fertility analysis also points out their attitude about fertility and its concern has drastically changed for many cultural groups as well as future generations.

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According to Pew Research “” A somewhat different pattern emerges among women with advanced degrees who are at the end of their childbearing years. While they, too, were less likely to become mothers by the end of their 20s than their counterparts in 1994, in their 30s they became notably more likely to be moms than their predecessors. In 2014, 38% of women ages 40 to 44 with a master’s degree had become mothers by age 29 and 77% had become moms by 39. In comparison, 47% of women 40 to 44 in 1994 were mothers by age 29, and 71% were moms by the end of their 30s. And although at age 29 comparable women with a Ph.D. or professional degree were still less likely than their counterparts in 1994 to have had a baby (29% vs. 35%), by age 34 they were more likely to have done so (61% vs. 50%) “”.

Ultimately, I believe more women are electing to postpone establishing families and doing it on their own terms. People within our present society are taking mores chances to build up their resources rather than produce a child. Some people assume they may have to struggle with a child in one way or another if their income isn’t where it needs to be. Many women are choosing to accomplish some awesome goals in life, preserve cash and settle past due obligations rather than have a baby in their childbearing years. Honestly, some women are looking have a more balanced life, find love, and secure volumes of life wisdom before making such a life altering decision.”

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