Globalization: The Race to the Bottom
Program #BREJ001. Recorded in Boston, MA on April 09, 1995.The international economy has been transformed by the growth of transnational corporations. Three hundred of them now own about one-quarter of the productive assets of the world. Of the top 100 economies, 47 are corporations. Businesses lay off workers here and then they subcontract the work to low-wage, non-union Third World countries. A major consequence of the globalization of production is bringing the Third World home.
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