Sc300 Unit 6 Project Kaplan Univ.
1103 words 5 pagesImpacts of a borderless society
Unit 6 Assignment
Professor Robert P Black, MS
I am a serious bargain shopper. I try to save wherever I can. That usually means buying products from a mega chain, whose items are usually from outside of the U.S., verses buying from a local “mom and pop” store. The local stores usually have higher prices than most of the larger chain stores. I have never really understood why. For my family, buying all our food locally can be a challenge sometimes. My husband is Asian and he refuses to let go of some of the Asian food items he loves. For example, he has to have bok choy instead of green cabbage from right here. Rice is another issue for us. It has to be jasmine rice from a South East Asian …show more content…
This does help create jobs in other countries. Creating more competition is another benefit of a global market. This gives buyers and consumers an array of products or to shop for. This allows buyers to choose products from all over the U.S or the world, not being limited to what the farmer has available. Sometimes I want bok choy from China instead of basic green cabbage grown here in the farmer’s garden.
3. What are some of the impacts of this global market and why? Considering both short-term and long-term impacts, provide at least 2 negative impacts. There are several negative impacts of a global market. One negative impact is the diminishing quality of products. Outsourcing to foreign countries and paying them much less than the local workers can lead to the workers slacking off on their job, or little or no monitoring to the foreign facility. Another negative impact of a global market is that it becomes increasingly difficult for local producers to have affordable and competitive prices for their goods. Lowering their prices could result in the company failing and people losing their jobs.
4. Consider the phrase Think Globally, Act Locally. What does it mean to you?
To me, the phrase “Think Globally, Act Locally” stresses the need to be an international company while maintaining a loyal connection in your local sectors.
5. Has your research on the global market changed the way you will choose goods in the future? Why or