Economics
What can be done by each of the following so that the workers can get a fair share of benefits brought by globalisation?
(a) government
(b) employers at the exporting factories
(c) MNCs
(d) workers.
Global & Ind Econ
5 Likes
Answer
(a) Government — Governments can enact and enforce labour laws that protect workers’ rights, including fair wages, safe working conditions, and reasonable working hours. Unemployment benefits and healthcare benefits should be provided. This helps mitigate the risks faced by workers during economic transitions.
(b) Employers at the exporting factories — Employers should pay fair wages that reflect the value of workers’ contributions. Providing stable employment rather than relying solely on temporary contracts ensures job security for workers.
(c) MNCs — MNCs should choose suppliers based not only on cost but also on ethical practices, worker welfare, and environmental sustainability. MNCs should be transparent about their supply chains, allowing scrutiny and accountability.
(d) Workers — Workers can organize themselves into unions or associations to collectively advocate for their rights and negotiate with employers. Being informed about their rights and labour laws empowers workers to demand fair treatment.
Answered By
3 Likes
Related Questions
Recent studies point out that small producers in India need three things to compete better in the market
(a) better roads, power, water, raw materials, marketing and information network
(b) improvements and modernisation of technology
(c) timely availability of credit at reasonable interest rates.
- Can you explain how these three things would help Indian producers?
- Do you think MNCs will be interested in investing in these? Why?
- Do you think the government has a role in making these facilities available? Why?
- Can you think of any other step that the government could take? Discuss.
In what ways has competition affected workers, Indian exporters and foreign MNCs in the garment industry?
One of the present debates in India is whether companies should have flexible policies for employment. Based on what you have read in the chapter, summarise the point of view of the employers and workers.
What do you understand by globalisation? Explain in your own words.