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Note for INTB 3351 at UH


Note for INTB 3351 at UH

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This 1 page Class Notes was uploaded by an elite notetaker on Friday February 6, 2015. The Class Notes belongs to a course at University of Houston taught by a professor in Fall. Since its upload, it has received 31 views.

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Date Created: 02/06/15
INTB 3351 History of Globalization Video Study Guide The Corporation Part 5 Case Histories 22 minutes This video clip is from the documentary quotThe Corporationquot 2004 which charts the historic rise of the corporation as a pervasive force in our lives 1 Part 5 addresses the issue of sweatshop labor in lowwage countries How do you weigh the arguments of Charles Kemaghan National Labor Committee who views these sweatshops as exploiting children in the developing world with those of Michael Walker Fraser Institute who takes a more benign view of the market for lowwage workers around the world Kemaghan Children working to support family exploited Paid pennies for each piece which is then sold at a much higher price in America A worker from a sweatshop in Honduras handed him a label from the clothing made there The label had Kathy Lee Griffith s photo and said proceeds donated to children s charities The worker making the item was 13 years old Walker Sweatshop job is better than nothing and can at least pay for food The conditions in the sweatshops are better than in outdoor labor The jobs can help promote growth in struggling countries 2 Part 5 also examines the issue of environmental extemalities in the conduct of business Do you think the best way to reduce the environmental destruction and pollution would be to find a way to commodify environmental conditions as the commodity trader suggests or impose penalties for breaking environmental laws that exceed the cost of complying with them so that rms will have an incentive to comply with them View as a business decision cost of penalty lt cost to comply Companies pay millions of dollars in penalties not effective Clean air as a commodity Terms National Labor Committee exposed sweatshops in Honduras Kathy Lee Gifford face on tag of sweatshop product made by l3yr olds


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