P3-8. From the perspective of each of the partners, are there any potential pitfalls to joining this joint venture? Globalization means different things to different people. To the CEO of a multinational enterprise, globalization reflects the changing business world: access to new consumers, opportunities to reduce production costs by siting factories in low-cost areas, and the threat of competition from foreign firms. To workers in developed countries, globalization often implies job insecurity and no raises. To human rights activists, globalization implies exploitation of workers and denial of human rights