Globalization In The Footwear Industry

Introduction

Globalization is often defined as the trend of investment reserves and businesses progressing beyond national and domestic marketplace around the world. Thus, rising interconnectedness of diverse markets. It has had the effect of distinctly rising not only international trade, but also cultural swap that clarify the reason why developing countries are becoming more successful.

Globalisation impact heavily on developing countries like Cambodia, India and Vietnam. Multination corporates (MNCs) took advantages to expand their manufacturing factories in developing countries. Locals worked in poor working conditions with long working hours for low wages is defined as sweatshop. Sweatshops might have violated the law by engaging

However, there is no particular meaning of economic globalisation for the world workforce. The impact can either be positive or negative and is differ by industry, by employment status, by context and trade. Numerous workers have seen their working conditions worsen, their salary decline and workload capacity rises. (Chen 2001)

For the past decades in footwear industry has been experiencing significant changes, as developing economies have been progressively displacing industrialised countries as traders of labour-intensive product. As a result, industrial countries are gradually losing their virtual benefit in the production of the product. In Italy, accumulative competitive weights from developing countries obligated the footwear industry to differentiate its manufacture by providing extraordinary quality product which could not be strived directly with low quality product from developing to expand the quality gap between the exports and developing countries’ trades in the same traditional industry over the years. (Chiarlone

(Hammond 2002) Westerners felt that the local children below the age of fifteen were working above twelve hours a day in poor working condition with low earnings in manufacturing factories. (Kenyon 2000) With numerous adverse media report, well-known brands manufacturing factories decided to withdrew their production of their goods from the developing country. As a result, hundreds of locals lost their jobs. Majority of the child labourer were left with no choice but resorted to crimes and prostitution to supports themselves. Some were eventually starved to death. (Street