The paper "Global Business Relies on Workers on Developing Countries" is an outstanding example of management coursework. Over the previous decade, world trade has expanded significantly. Global trade had by 2007 reached over 60 per cent of the global GDP, contrasted to below 30% in the mid-80s. It is evident that the increase in this global trade has played a significant role in job creation and economic growth (Bacchetta et al. , 2009, p. 9). Nevertheless, the strong global economic growth has not, up to now, resulting in a matching improvement in living standards and working conditions for many.
There has been a decline in absolute poverty as a result of recent years’ economic dynamism, private companies’ efforts, migrant workers as well as their settlements, and the international development community. However, in many cases, conditions of the labour market and the employment growth quality have not improved at the same rate. Job creation in many developing nations has taken place mainly in the formal economy, where about 60% of employees get income chances. Nevertheless, the informal economy is typified by lower incomes, less job security, fewer chances to take part in training and formal education programmes, and lack of access to a number of social benefits.
This means the absence of main decent work opportunities ingredients (Bacchetta et al. , 2009, p. 9). This paper focuses on determining how the global business has created inequality among developing nation workers and the need for government intervention to control their actions in these regions. Workers Inequity in Global Business in the Developing Nations Globalization has highly benefited many people in the world. It has highly been associated with enhancement of the social and economic status of individuals in different parts of the world.
However, the tenacious vulnerabilities in the labour market have prevented growing nations from benefiting fully from the globalization dynamics. Most global businesses venturing in developing nations are subjecting their employees into abusive labour conditions that subject workers to low life quality. There have been reports of suicides and abusive labour conditions at the Foxconn, Taiwanese Company, which is the largest world electronics maker consumer and the U. S. based contract manufacturer of Apple Inc. , electronic firm (Donaghey et al. , 2013, p.
229). Similar cases have been reported in Apple companies in China where workers protested over abusive conditions of working and labour rights violations. This is a situation that is observed among a number of international companies located globally. Famous brands such as Coca-Cola and Nike companies have also been reported to employ excessively low-priced labour and child labour in South East Asia. This is mainly due to the fact that the region does not have tighter regulations and enforcement as those employed in Europe and the USA.
Coca-Cola has been accused of workers intimidation across the globe, where they are even said to hire paramilitaries to kill or intimidate union leaders (Shah, 2006, p. 1). Cases of workers discrimination and mistreatment have been far widespread in developing countries. Other cases have been reported in the apparel industry in East Asian factories where sweat shop-like conditions were employed. Other involved companies included clothing traders H& M, Addidas, Levi Strauss, Walt Disney, and Levi Strauss. Harsh work condition has also been reported in Chinese based multinational companies based in China (Shah, 2006, p. 1).
There is a clear indication that although globalization has resulted in the opening of the border for the expansion of trade, the same does not apply for people. Flexibility introduction though effective for business, it can hurt employees as pointed out by the international labour organization (IFC. org, 2006, p. 5).