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Essay / A Christian Response to Globalization - 873
How Globalization Affects Organizations; businesses operate in a very different way than the model we may have been accustomed to in the past. Many organizations have developed strategies to reduce trade barriers. They have either moved their operations to other parts of the globe or brought the workforce to their physical (or virtual) locations to meet their labor needs. Due to globalization, many countries have experienced rapid industrial growth. In many cases, the process is happening much more quickly than it would have been before the free trade environment we see developing today. Average household income in some countries has increased several-fold. For example; a recent National Public Radio report was about a small farming community in rural China where incomes have tripled. Over the past year, this community has moved from farming to manufacturing goods because they can earn more money. This rapid growth is a direct result of a global search to produce products in the most economical way possible. Without the free trade taking place in the “global village”, these countries would not be able to develop at this accelerated pace. “Due to globalization, many people around the world are now living longer than before and their standard of living is much better. » (Stiglitz, 2003) There is ample evidence that supports the positive aspects of globalization. However, many less desirable outcomes have also been identified. Less developed countries have fewer regulations imposed on them and the industries in which they are involved. The lack of sensible rules and regulations leads to the headlines we see too often today; the environment...... middle of paper......environmental degradation, the depletion of renewable resources, the responsibility of the IMF, the World Bank and the WTO and the power of global businesses – must be judged by a set of moral benchmarks. points that are part of the world that God created. (John H. Dunning, 2003) There are many perspectives and opinions surrounding the controversial topic of globalization. It is important as a Christian to approach this topic with a Christ-like spirit of humility and love as we attempt to answer these questions in our own minds. Works Cited John H. Dunning, P. o. (2003). Doing good for globalization. New York, NY: Oxford University Press Inc. Stiglitz, J.E. (2003). Globalization and its discontents. New York: WW Norton & Company, Inc. The World Bank Group. (2007). Global Economic Outlook: Managing the Next Wave of Globalization. Washington DC: The World Bank.