Essays on The Manner in Which Child Labour is Being Used Essay

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The paper 'The Manner in Which Child Labour is Being Used' is a great example of a finance and accounting essay. Business units in today’ s competitive world need to ensure that strategies are in place to hire and retain the correct workforce. The workforce in an organization decides the success and failure of an organization. For this management needs to ensure that while hiring special precaution is taken to ensure that the labor laws in relation to child labor and other laws are abided by. (Yamamura, Birk & Cossitt, 2010) The paper presents the manner in which child labor is being used by international businesses and the manner in which laws are being framed to ensure that they are not exploited.

The paper also presents that despite having laws labor is being exploited especially cheap laborers which require special attention and focus to ensure that such things don’ t happen. Globalization today is gaining prominence as borders are disappearing and countries are entering into treaties with each other which favor free trade. This has made companies expand their reach. Companies are benefitting greatly from the global markets as it is giving them a wide market to cater to and at the same time helping to improve the bottom line.

(Ellis, 2001) This is making more companies get acclimatized to the local conditions and use countries where labor is cheap. The reason for which companies are looking to get global is “ because it can buy and sell goods in the market which are profitable, distribute those in the best countries which favor them, produce at the lowest cost, get a global outlook and achieve economies of scale” .

(Ellis, 2001)It was seen in 1998 that “ Chinese manufacturers who were producing goods for companies like Ralph Lauren, Nike and Adidas paid wages at 13 cents per hour whereas the same labor in the US was paid $10 per hour” . (Klein, 2001) thus multinationals companies who are able to understand the local responsiveness better are able to take advantage of it.

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