How has Globalisation helped and hindered development in China
- Created by: ofields755
- Created on: 28-05-15 19:24
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- How has globalisation helped and hindered development in China
- Helped
- brings jobs and a better standard of employment
- helps to improve the living standards of many people
- Global significant of Nike's relationship with Chins increases
- more foreign investments and money help the Chinese economy
- Nike to invest superstores and head offices in Shanghai
- improvement have been made in the infrastructure and services
- Nike is improving working conditions for employees
- spends $10million improving its code of conduct, enhancing regulations for fire safety, air quality, minimum wage and over time limits
- brings jobs and a better standard of employment
- Hindered
- wages are still quite low
- Jobs are low skilled and do not require high levels of education. it is difficult for people to improve themselves
- working and living conditions are still poor
- potential child labour in factories
- profits go back to headquarters in USA and not China's economy
- In 2012 Nike made $10.4 billion in profits
- Helped
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