GLOBALIZATION

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FREE TRADE:

Bad work conditions for the natives that work in the production, low salaries, health problems and inequality, they are exploited. The developed countries won cheaper products and big profits for companies, multinationals won a lot of money.

FAIR TRADE:

The natives that work in these plantations have better salaries and they can pay their hospitals…, better work conditions there are not exploited, they have more security. And for developed countries better quality products and fair prices.

MAIN DIFFERENCES:

Whereas in free trade the multinationals (also called Transnationals) have very high profits, in fair trade the profits are divided more ethically.

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DEVELOPMENT INDICATORS:

- ECONOMIC:

The gross national income (GNI) is the total income received by the country from its residents and businesses (in the country or abroad).

GNI per capita: it is the dollar value of a country's final income in a year, divided by its population.

- SOCIOECONOMIC:

The Human Development Index (HDI) is a measure of several key aspects of development that shows how developed a country is. a long and healthy life, knowledge and a decent standard of living and GNI per capita.

- OTHER INDICATORS:

Literacy rate: Percentage of the population aged 15 and older who can both read and write.

Life expectancy: Number of years a newborn infant could expect to live.

Infant mortality rate: Number of babies who may die under the age of 1 per 1000 live births.

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MILLENIUM GOALS: