Now, we can’t avoid globalization. I think we have to have compatibility for globalization. In today's global economy it is getting easier and easier for companies to move their operations around the world. Many companies try to get money by lower cost. It is said that “Race to the Bottom”. Because of the Race to the Bottom, many people who are especially in developing countries have to work very hard situation and can’t get enough money. For example, Beijing had sunny day per two weeks in this May. It is a violation of human right. Even though those companies outsource to the other countries so they give others job opportunities, they need to consider of their right. I think two solutions of the global economy problem.
First, big companies which effect global economy should inspect by outside professional. Actually, NIKE was said sweat shop in the past and the job situations in the outsourced countries were terrible so other factor claimed NIKE. NIKE drops down the image of the company. That’s why NIKE inspects by outside professional. It avoids violating employees’ right. Big companies should recognize they try to yield benefit too much and lose sight of employees’ right.
Second, any organizations should protect human rights and the environment. Big companies have power but such organizations and group of people have also power. Those powers can block the race to the bottom and make companies think of the job situation. Actually, some NGO start business for the poor and women. For third world countries, the NGO is very popular job and situation is well. Also, the venture company which is new company and young leader owns, starts business or those countries. The company keep the wage and working condition.
In short, inspecting by outside professional and organization activity can lead judgment world economy.
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