Question

How does globalization affect producers and consumers?

How are producers of products like clothing or food affected differently by globalization than consumers?

In what ways is globalization experienced differently by people from wealthy countries compared to people in developing countries?

How does this connect to global health?

Does globalization affect the health, specifically, of producers of products like clothing or food differently than it does consumers?

If so, how?

If not, why not?

Answer 1

1. Globalization affects producers and consumers.

• Consumers

1. Globalization has brought about considerable buying choices for consumers, with a diversity of goods, at cheap prices.
2. Globalization has made over consumer purchasing actions in ways that could never have been expected.
3. It has refined the quality of products to a great extend.

• Producers

1. Globalization affects salaries directly by transferring production away from unskilled workers and pressurizing the skilled labor, due to foreign externalization and technology.
2. It indirectly alters the respective cost of goods that require less-skilled labor.
3. Globalization has brought about a greater influx of overseas resources.