Globalization and Technology Essay Example | Topics and Well Written Essays - 1500 words

Globalization and Technology - Essay Example Economic globalization or integration has elicited mixed reactions due to the wide-ranging impacts that it has on the world economy. Despite the known advantages of globalization, this trend has also been opposed due to the negative consequences that it has on the world economy. Those who have supported economic or financial integration of countries have pointed out the benefits of this trend to support their claims. The first advantage of globalization on the economy is that this trend results in the creation of global markets. Bordo, Taylorand Williamson, says that through the merging of the different world markets, a wider global market has been created (Bordo, Taylor and Williamson 31). Globalization has led to the widening and liberalization of the market. This has occurred through the removal of the trade barriers that historically existed. These trade barriers prevented businesses from operating outside their domestic markets. Various corporations have exploited the expanded global market through various internalization strategies such as foreign direct investments and through exporting. This has allowed the businesses to increase their income and profits. Globalization has resulted in a much freer trade between the world countries, which has allowed domestic industries to access the international market. The access to the international market has also allowed these local companies to come up with new products and technologies that are needed and acceptable in the global market. Held however disputes this by indicating that the entry of new companies and businesses to new markets has negatively impacted on the domestic companies (Held 20). When new businesses and multinationals cross the border to exploit the global market, they bring very stiff competition to the local businesses. The competition at times reduces the level of sales of the local and domestic products. This is said to discourage the coming up and growth of the domestic

The contribution of OSH legislature and standards Essay - 5

The contribution of OSH legislature and standards - Essay Example In Britain, Health and Safety at Work etc. Act 1974 covers all workers except the legislature, hence its weakness. Similarly, in the Canadian OSH legislation and standards also factors the wellbeing of employees and facilitates the benefits comparable to those entailed in Britain. Thus, there is a high correlation of the OSH Act as implemented in both countries. The management has the significant role to enforce and ensure safe and healthy working conditions for the employees. The supervising role ensures the safety and wellbeing of the workers by enforcing the stated rules such as dressing and use of protective gear at work among other responsibilities. Thus in conclusion the management entities have a core responsibility to commit and foster Occupational Safety and Health. The two systems, Britain and Canada are very efficient in facilitating occupational safety and healthy wellbeing of the workers. The working place dynamics are a core concern within the structures of employment an element that requires the employees to have the plan to address work-related safety issues. Consequently, due to the need to have a clearly outlined regulatory approach to the dynamics of the rights of workers within the workplace. The Occupational Safety and Health Act is a core formulation established in the year 1970, to guarantee the course of promoting the security and human rights of the workers within the job (Alli& International Labour Office, 2008). The observed existence of many hazards that are harmful to the well-being of the people as they work mandated the institution of legislative approach and programs that guide the treatment of the employees as the engage in work. The OSH Act is a formulation of the European countries that realized the need to institute this fundamental body of regulations to ensure the well-being of the employees.