winners & losers of globalisation

• Winners of global shift?

  Globally over 1 billion people have escaped poverty, with over 500 million in China alone
• Losers of global shift?

  Rapid urbanisation often leads to an increase in unplanned settlements e.g., Dharavi in Mumbai is home to around 1 million people
• Winners of globalisation?

  • There were about 1800 billionaires worldwide in 2016; most have made their wealth through ownership of global TNCs
  • Developed countries have proven very good at maintaining their wealth, despite the rise of emerging countries like China
  • The rising middle class of factory and call centre workers in Asia, whose incomes have risen as they have gained outsources and offshored jobs. 
  • People who work for TNCs in developed countries who have a high income and reasonable job security, although they lead high-stress lives. 
• Losers of globalisation?

  • Isolated, rural populations in Asia and Sub-Saharan Africa where subsistence farming still dominates and global connections are thin.
  • Workers (especially male ones) in old industrial cities in the developed world who have generally lost jobs.
  • Workers in sweatshop factories in emerging countries; they suffer exploitation (but may still be better off than in the rural areas they migrated from)
  • Slum dwellers in developing world cities like Lagos, as the reality of urban life is often much worse than they expected.  
• Statistics to show the disparities due to globalisation?

  A 2016 report from Oxfam stated that the wealth of the world's richest 1% of people is equivalent to the wealth of the other 99%. This degree of income inequality is not new, but has become starker in the last few decades.

  Haiti is the most unequal country as the richest 20% of people have 65% of the wealth, compared to 36% in Sweden. Mexico is in between with the richest 20% owning 55% of wealth. 
• What is globalisation?

  Globalisation is the process of people, government’s and businesses being increasingly more interconnected with each other and the rest of the world thanks to increase in technology, communication and travel, among other factors.

  The economic, political and social consequences of it are vast and create a large amount of people who benefit and suffer due to it
• What is a case study representing losers of globalisation?

  The ship-building industry in the North-West decreasing due to costs of steel and labour costs being too high as well as competition from abroad. This led to large areas in cities such as in Liverpool becoming very poor. Similar situations have occurred in the North East and South Wales in coal mining towns, who are obviously losers to globalisation.
• Benefits of global shift for developed areas?

  manufacturing leaving the developed world has led to better air quality and less polluted lands, decreasing their carbon emissions slightly. Less factories means less air pollution. From a domestic point, it could be argued that environmentally the developed world is a winner.
• How are Asia winners?

  Globalisation has encouraged western companies, e.g Virgin Media to locate in Asia due to cheap manufacturing and outsourcing.

  Thus Asian countries, such as India have now seen improvements in infrastructure, wages, poverty reductio, education and training.
• Costs for China due to globalisation?

  In Beijing, air pollution is so bad that in February 2016 the city was given a red alert, meaning the air quality was a danger to health.