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Globalization Benefits and Challenges

Velocity Global

Lower costs do benefit many consumers, but it also creates tough competition that leads some companies to search for cheap labor sources. Some western companies ship their production overseas to countries like China and Malaysia, where lax regulations make it easier to exploit workers. million jobs since 2001.

Payroll 119
article thumbnail

Globalization Benefits and Challenges

Velocity Global

Lower costs do benefit many consumers, but it also creates tough competition that leads some companies to search for cheap labor sources. Some western companies ship their production overseas to countries like China and Malaysia, where lax regulations make it easier to exploit workers. million jobs since 2001.

Payroll 52