Developing Economies

As you learned in your reading, globalization is complicated. While it creates new opportunities for businesses and workers, it can also hurt local economies, exploit workers, and threaten the environment. Watch the following video for a crash course on how globalization and free trade affect people living in extreme poverty throughout the world. https://youtu.be/9MpVjxxpExM 1. What responsibility do businesses have to develop economies, workers, and the environment when they choose to pursue global strategies? Do you think corporations like Apple, which has a well-developed global supply chain, have done enough to manage the potential negative effects of their globalized operations? 2. When businesses enter global markets, what do you think the role of managers should be in minimizing harm to foreign workers and the environment? Address the planning, organizing, leading, and controlling functions in your response. 3. As mentioned in the video, the US produces an annual “List of Goods Produced by Child Labor or Forced Labor.” How effective do you think this is in raising awareness about working conditions in other countries? Do you think pressure from officials, the media, and the public is the best way to prevent companies from doing business with countries that violate international labor standards, or do you think other methods would be more effective? the book being used Principles of Management (Waymaker Bundle)