Globalization And Workers Developing Countries - 2349 Words

Globalization and Workers in Developing Countries Table of Content Introduction 2 Part 1: Does globalization harm workers’ interests in developing countries? 3 Condition of Sweatshop Workers in Developing Countries 3 Average Wages and Hours 4 Job Destruction and Job Creation 4 Unemployment 5 Child Labour 5 Working Conditions, safety and security issues 5 Benefits of Globalization in the Labour Market 6 Part 2: Suggestions for overcoming sweatshops in developing countries: 6 Trade Policy Reforms 7 Capital Market Reforms 7 Labour Market Reforms 7 The Role of International Community 7 Conclusion 8 Reference 8 Introduction Globalization has become an international dynamics of today’s fast growing economy around the world. Multinational Companies (MNCs) get benefits which is important for the economic development because it is the international integration of world trade, and resources, labour, and technology of financial market (IMF, 2014). The labour market is the key distribution network to influence the developing counties through globalization (Rama, 2003). In the first part of the paper, to answer the question â€Å"does globalization harm workers’ interests?†, the form of globalization as average wages and hours, job destruction and creation, unemployment, child labour, working conditions, safety and security issues are discussed to understand the condition of sweatshop workers in developing countries; and benefits of globalization in the labour marketShow MoreRelatedImpact Of Globalization On The Social Consciousness Of The Late 20th Century Essay1667 Words   |  7 PagesI ntroduction Globalization is a term that profoundly characterized the social consciousness of the late 20th century, and still continues to shape 21st century social discourse. But what exactly does globalization imply? Unfortunately, despite being referred to almost incessantly, the true meaning of globalization is often obscure (Reich, 1998). 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