Welcome to our blog !
Anissa, Inès, Alina, Assamah
Our team :
- Anissa Belhaq
Nationality : French, Toulouse
Studies : HEC Montréal, Canada
Hobbies : Music, Traveling
- Inès Djafour
Nationality: French, Strasbourg
Studies: Audencia Nantes, France
Hobbies : Gymnastics, Music
- Alina Tchjan
Nationality: French, Paris
Studies: HEC Montréal, Canada
Hobbies : Ice Skating, Cinema
- Assamah Guenneguez
Nationality: French, Ivorian
Studies: HEC Montréal, Canada
Hobbies : Dance
Our group name and logo :
Our group name is trIple A. In our own way, we are all related to the same country, France.
Thus, we wanted to find a name that would be an allusion to our country, while being related to International Management. One of the most recent international economic news about France during the last months was the triple A that the credit rating agencies were about to downgrade. Meanwhile, France lost its triple A! But this name is even more relevant to our group as it describes us well. Indeed, three of our surnames begin with A and the last surname that begins with I is contained in trIple!
This is the reason why our logo represents three A's, with one of them completely 'broken'. Besides, the letters are placed in front of the Earth, representing the domination of the cotation agencies and their "Triple A" weapon.
Thus, we wanted to find a name that would be an allusion to our country, while being related to International Management. One of the most recent international economic news about France during the last months was the triple A that the credit rating agencies were about to downgrade. Meanwhile, France lost its triple A! But this name is even more relevant to our group as it describes us well. Indeed, three of our surnames begin with A and the last surname that begins with I is contained in trIple!
This is the reason why our logo represents three A's, with one of them completely 'broken'. Besides, the letters are placed in front of the Earth, representing the domination of the cotation agencies and their "Triple A" weapon.
Our group goals :
We are living in a world where everything is interconected. Thus we definitely cannot intend to be a part of this world without having a strong knowledge of the current crucial crisis and burning issues, goals, and problems of international organizations in terms of economics, culture, environment, politics or even society. Hence we aim at increasing our knowledge and our consciousness in this field, in order to be able to tackle the issues that we will undoubtedly have to face in our future careers.
What excites us about the weekly topics and our additional expectations :
Online blogging is a completely new method to realize our assignments that we find very interesting in many ways. Indeed, working on a weekly topic will enable us to approach a subject in depth thanks to the use of different medias like videos, photos, etc. The other benefit of doing the assignment through a blog page is to connect with others bloggers (and others students) by creating an interaction, through the comments for example.
The additional expectations we hope to fulfill concern the knowledge of the crisis management and the ethics among worldwide organizations.
Our myth :
The myth about globalization we wanted to talk about is : the wage
gap tends to increase because of Globalization.
I agree with you that globalization leads to wider wage gap at national level because low skills workers in more developed countries would lose their jobs as low skilled work shift to other countries. Meanwhile, most of the workers in less developed countries could only do low paid job as most of the job vacancy available are those low paid job. However, I do not agree with you that wage gap has become narrower at international level. On the contrary, I think that wage gap has become wider across countries. It is because globalization allows company to specialize work according to their work nature and wage level. For example, in IT industry, all the research and development work are concentrated in more developed countries like Silicon Valley in America while the production and manufacturing work are all concentrated in less developed countries like China and India. It provides more job opportunities for people in more developed countries to earn higher income as they do the R&D job. On the other hand, only low paid job are available for the people in less developed countries. Even though some people in less developed countries are qualified to do some high paid job, they could not find one as most of the job available in their countries are low paid job.
ReplyDeleteHi,
DeleteI agree with you that R&D jobs, which have high pays, are more concentrated in the developed countries, and this has led to a wider wage gap at the international level.
But I don't think that only low paid jobs are allocated to less developed countries and the qualified talents in those countries cannot find such high paid job. With globalization, many large MNCs expand aggressively to developing countries such as China and India, and during the expansion, management jobs (executives and managers at different levels) in local markets are especially valued by those MNCs. And local talents are favored by MNCs to assume those management jobs, as they are more familiar with local business culture and can speak the local languages fluently. Therefore, these local managers working at large MNCs can also enjoy higher payment.
I agree to a certain extent that globalization does not increase the wage gap on a global scale. However, I do not really agree to your statement that because of globalization the wages in less developed countries increase and the global wage gap closes. According to a study by Freeman and Oostendorp, the median wage for jobs in developed countries is two and a half times the wage level for jobs with similar skill levels in the more advanced developing countries and even five times the level in low-income, less developed countries. To give an example, they found that in 2008, a Chinese manufacturing worker earned 1/20 the wage level of a comparable American manufacturing worker and a Mexican worker earned 1/6. Taking these wage differences into consideration, it is not only globalization that influences the wage levels but also national settings such as the level of education, domestic and national institutions that might influence the wages or governmental interventions. Due to foreign companies offering better wages to attract local human capital domestic firms might feel pressure to increase their wage in order to keep their employees. However, I do not believe that this works on a broader scale since once the local wages have risen, the foreign companies might feel that the labour expenses have grown too high and relocate to another low-cost country. There is no guarantee that domestic firms keep on paying the higher wages or improve working conditions. So in my opinion globalization cannot be regarded as the sole reason for the closing wage gap for which. Is there even enough proof for the closing wage gap?
ReplyDeleteHi TrIpleA,
ReplyDeleteI agree that wages gap is narrowed on an international level. Globalization has increased economic development in many countries but has also widened the inequalities in a national scale. If we compare Hong Kong’s Gini coefficient over the last 10 years, we will see that this coefficient has increased over time and indicated that there are more inequalities.
However, I do not really agree that ``Globalization has lead to a wider inequality in terms of income``. According to OECD, poor countries that joined the international economy have narrowed the income gap. For example, the ratio between US and Chinese GDP per capita levels dropped from 12.5 in 1980 to 6.2 in 1995. It is evident that those who doesn’t participate on an international scale and have internal conflict will have lower level of income. In addition, I’m still not convinced that the narrow wages gap on an international level is due only to the shifting of low-skilled workforce from developed countries to developing countries. I believe that there are other factors that can be attributed to this and need to be explored in order to conclude.
Finally, it would be great to analyze wages inequalities and it’s repercussion on one’s quality of life in order to understand the impact of globalization on wages inequalities. In today’s globalized world, does the low-wages worker in developing countries have the same quality of life as the low-wages worker in developed countries?
The content of the blog is clear and understandable. Nice job =)
ReplyDeleteI agree with the statement“Globalization has lead to a wider inequality in terms of income, things are different for wages.” “The Income Gap Is globalization to blame? Only in part” written by James Pethokoukis, a columnist for American Enterprise, pointed out that since there is a fierce competition among countries, talent search caused and the large corporation offer large salaries, bonuses and stock options to attract and retain the management staffs.( “The Income Gap Is globalization to blame? Only in part”,James Pethokoukis) But at the meantime, the company cut costs by lowering the junior-position staff or even lay them off. This enlarges the income gap of the managerial level and the junior level staff in US.
But because of globalization, many corporations practices offshoring like Nokia. Its production cost in US is around $114 whereas the production cost in LDCs is $70 only. (OFFSHORE MANUFACTURING "TO SAVE COST, Dr. David M. Anderson, P.E., fASME, CMC )Thus, Nokia has set factories in China, such as Beijing to save the production cost of cell phones. This is not only beneficial to Nokia but also to local people in China since the setup of the Beijing factory provides 4000 job opportunities to local residents.(http://www.silicon.com/legacy/research/specialreports/china/0,3800011742,39159608-2,00.htm). At the same time, workers’ wage is more stable and secured. That’s why the view of “the wage repartition is becoming “fairer” at an international level, while it is more unequal at a national scale” ” is true.
I agree with what your group point of view that the income inequality is narrower nowadays among countries because of the globalization and it inspires me a lot. As the global relations and connections between each country are much closer, in order to lower the production cost, many MNCs choose to switch their production line from home country to developing countries such as India and China. You may see that many companies from Hong Kong and foreign countries like US (eg. Nike) built their factories in mainland China in 80s and 90s. What they bring were not just opportunity, but also, but also transferring the new skill, knowledge and technology, increasing investment and bringing foreign capital to those developing countries. The inputs not merely help the Chinese workers to earn higher salary to narrow the gap, but also boost the economy of China as they absorb enough skill, knowledge and money, they could develop their own business.
ReplyDeleteNowadays, China has become the world's third-largest economy, the foreign capital amount is greater than 500 billion US dollar and Chinese are getting richer now. Thus, this is evidence that due to globalization, the income gap among countries is narrower than before.