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Sweatshop Economy - Essay Example

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Summary
“There should be a floor beneath which no one has to live” is a most compelling argument put forth by Tom Hayden and Charles Kernaghan in their article ‘Pennies an Hour, and No Way Up’ which appeared in NYT of July 6, 20021. It is morally and politically impossible to differ with this view. …
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Sweatshop Economy
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Sweatshop Economy

Download file to see previous pages... One summons ‘moral and political’ dimensions to the argument since if and when progressive changes are brought about in the conditions of sweatshops, the role of moral and political leaders will be significant for such changes. Corporations are amoral on the one hand and are the pillars of political establishments on the other and the conflict of interests is right in front of us.
One has to resolve this conflict, understand the mindset of eastern world before moving to help ease woking conditions in sweatshops.
Economic realities
Globalization of economies of the world has effectively broken international barriers. As natural as water finding its own level, corporations around the world drift towards cheapest possible resources for their operations. Both raw materials and labor, two of the fundamental factors of production, are available in plenty in the third world countries. End of colonialism in the mid-sixties ensured that the developed countries of the West have to find other ways and means to sustain the high living standards of their citizens. ...Download file to see next pagesRead More
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