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The Growth of Globalization - Coursework Example

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The author of this coursework "The Growth of Globalization" touches upon the process of globalization. It is stated that globalization is the move towards the amalgamation of the world’s economic orders by removing barriers to international trade…
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The Growth of Globalization
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The Growth of Globalization

Download file to see previous pages... Economically as a country moves into the globalization regime, its workers are offered an opportunity to compete in the international job market. Previously worker’s economic fate was tied directly to the state of the national economy. The success and failure of individual economies have reduced bearing on the wage levels of workers in the global job market. (Reich, 1992) Consequently, businesses have begun to outsource their manufacturing and production units to developing nations. This provides businesses with cheap labor and the labor receives better wage rates. (Dicken, 1998) However, there is a darker side to the story as well. Often outsourced production facilities are sweatshops. Workers are given few rights under local laws in order to attract more foreign investment. Working hours are often twelve to sixteen hours a day with little to no option for collective bargaining. Few fringe benefits are offered to workers. Child labor is also used to support cheaper manufacturing as child and women laborers are often paid lower than male counterparts. (Educating for Justice, 2008) Most of the arguments presented above stand true for blue collar workers.In stark contrast, white collar workers from developing nations are encouraged to work abroad through incentives such as higher pays and better standards of living. Developing nations already have limited resources to garner professionals and the movement of trained and experienced professionals to developed nations presents a significant loss. ...Download file to see next pagesRead More
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