Globalization has negatively impacted steel workers in Germany and the United States who lost their jobs due to cheaper Chinese imports. It has also hurt Peruvian fishermen, with the Chinese fishing fleet expanding and threatening local fisheries. However, some areas like the German port of Duisburg have adapted successfully. Overall, globalization tends to benefit the wealthy and hurt poorer workers who lose control over their industries. The documentary examines how different countries are winners and losers in the changing global trade system.
Globalization has negatively impacted steel workers in Germany and the United States who lost their jobs due to cheaper Chinese imports. It has also hurt Peruvian fishermen, with the Chinese fishing fleet expanding and threatening local fisheries. However, some areas like the German port of Duisburg have adapted successfully. Overall, globalization tends to benefit the wealthy and hurt poorer workers who lose control over their industries. The documentary examines how different countries are winners and losers in the changing global trade system.
Globalization has negatively impacted steel workers in Germany and the United States who lost their jobs due to cheaper Chinese imports. It has also hurt Peruvian fishermen, with the Chinese fishing fleet expanding and threatening local fisheries. However, some areas like the German port of Duisburg have adapted successfully. Overall, globalization tends to benefit the wealthy and hurt poorer workers who lose control over their industries. The documentary examines how different countries are winners and losers in the changing global trade system.
Globalization has negatively impacted steel workers in Germany and the United States who lost their jobs due to cheaper Chinese imports. It has also hurt Peruvian fishermen, with the Chinese fishing fleet expanding and threatening local fisheries. However, some areas like the German port of Duisburg have adapted successfully. Overall, globalization tends to benefit the wealthy and hurt poorer workers who lose control over their industries. The documentary examines how different countries are winners and losers in the changing global trade system.
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Zebadiah A.
Sagaya
Globalization: Winners and losers in the
world in world trade.
Globalization has affected a lot of people, the main topic in the documentary is the negative effects of globalization on steel. The documentary starts in Duisburg, Germany, where a lot of people lost their jobs due to the Chinese trade. The largest inland port is located on Duisport. Global competition from countries like China, has been facing a lot of challenges. Duisburg is a town port that has successfully adapted to globalization by forging alliances. However American steel workers feel cheated by globalization because they don’t have as much control toward their industry as they used to. Globalization has caused a lot of people pain. Joe Biden made a promise to allow European steel access to the US market, arousing distrust of globalization. The United States has benefited financially from the trend. In some countries they are struggling to develop without the help of subsidies. This is because of the consequences of globalization. An economist named Hernando de Soto tells us about the effects of globalization in countries all over the world. He says that Peru may appear to be at the end of the “Worst of all developing countries,” but in reality the situation has probably gotten worse. In 2016 Peru had four presidents and the system has collapsed, leading to high Covid-19 death rates. Another topic that was discussed was industrial fishing being on a break, and anchovies that are a major source of income for the town of Chancay which are being exported to China which is poised to take over Peru’s fish resources. Globalization. Has created winners and losers in world trade, with the coastal Peruvian town of Chancay divided over proposed construction of a new port. The Chinese fishing fleet is rapidly expanding in the region, threatening local fisheries and exacerbating poverty and inequality. Peru is struggling to profit from globalization, and the microloans that were supposed to help the poor have had little success in streaming the flow of migrants to Lima. DW interviews several people in different parts of the world who have benefited from globalization, such as Marleny Aparicio, who has given up fish farming because of polluted waters of Lake Titicaca. However, there are also so many people who were negatively affected, such as Julio Solis, who died in 2020 during the pandemic, and to her father who lost his life to the virus. The microcredit program was a success offered by Pro Mujer, which helped a lot of fisherwomen in Peru to improve their lives. Globalization may be a good thing; it is often the division of labor and bringing together of humanity that are real winners. It suggests that we should invest in global cooperation, rather than withdraw into ourselves.
To summarize this Globalization has affected a lot of people for the good and the bad. Good for the rich and powerful like politicians and bad for the poor like fishermen, farmers, and the steelworkers because they have no power, and they have no control over the exports. Some countries had faced worse because of the Covid-19 which has made a lot of people in pain. Some places have made fishermen stop due to polluted waters so to end this I just wanted to say as a person we have to do anything that we can do to cooperate and to help into anything we can do and let’s avoid ourselves to disagreement and war.
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