Globalization And Workers Developing Countries

2349 Words Dec 2nd, 2014 10 Pages
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 “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 market…
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