Globalization news article

             In the article "A Hard Habit to Break," Newsweek's Brook Lamar
             discusses the growing illegal trade in cigarettes originating from China
             and extending to other parts of Southeast Asia. This trade has two
             components. First, genuine foreign cigarettes from tobacco giants like
             Marlboro, Philip Morris and Salem are smuggled into the country. Second,
             China also has a flourishing counterfeit cigarette industry. Fake
             cigarettes, complete with official-looking government import seals and a
             "Made in America" label are then sold in the black markets in Singapore,
             Shanghai, the Philippines and even Australia.
             This article illustrates a type of economic globalization. The sales
             of cigarettes and other tobacco products have dwindled significantly in the
             United States due to health campaigns. To make up for the loss of its
             North American market, tobacco companies have turned to China and by
             extension, Asia. Tobacco companies have previously tolerated the trade in
             counterfeit cigarettes, believing that these fake cigarettes increased
             brand recognition in the country. Today, however, the same companies are
             concerned that the black market trade in cigarettes is eroding one of the
             last few markets that are still hospitable to tobacco products.
             The article also uses the tobacco trade to illustrate the limitations
             of economic globalization organizations such as the World Trade
             Organization (WTO), which was supposed to open countries such as China to
             foreign investment. However, the WTO does not take into consideration how
             China is divided into fiefdoms, giving rise to a fragmentation that is
             incompatible with the WTO provisions. The system of local protectionism
             is thus not ready to absorb outside brands and limits the development of
             any national industries, including tobacco products.
             This feature article illustrates many aspects of globalization. The
             article mentio...

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Globalization news article. (1969, December 31). In MegaEssays.com. Retrieved 14:22, November 25, 2024, from https://www.megaessays.com/viewpaper/200450.html