Globalization assignment

Read the article: International Labor Organization (n.d.).  Impact of globalization.  Retrieved from https://www.ilo.org/public/english/wcsdg/docs/rep2.pdf

Answer the following question:

According to this report (pp.33-34), “The emergence of global production systems that drove the increasing flows of FDI has created new opportunities for growth and industrialization in developing countries…[Multinational enterprises, or MNEs] coordinate global supply chains which link firms across countries, including even local sub-contractors who work outside the formal factory system and outsource to home workers.  The growth of these global production systems has been most pronounced in  the  high-tech  industries  (electronics,  semi-conductors,  etc.)  and  in  labour-intensive consumer goods (textiles, garments and footwear).” In these industries, “the  production  of  parts  and  components  is  carried  out  by  subsidiaries  of  MNEs located in developing countries. Most of the research and development (R&D) and other technologically sophisticated functions are carried out in the industrialized countries.”

1. Consider global production of high-tech products or consumer goods as an example of globalization. Discuss four possible impacts of globalization by drawing from examples or perspectives described in the ILO report or other articles from credible sources.  Please clearly identify whom (or what) are impacted, how they are impacted and the consequences of the impact.  Be specific.
2. 2. In your opinion, what are the pros and cons of globalization?  Do you think we should encourage or dis-encourage globalization?