Child Labor And Global Economy By Hugo Merino

1076 Words 4 Pages
Child Labor and Global Economy by Hugo Merino

Introduction

Multinational companies use developing countries to produce their products. In order to decrease production cost, global companies may decide to outsource their production to developing countries where in some cases, child labor is used.
Economic globalization, global governance and international laws are critical factors that affect the use of child labor in countries such as India, Bangladesh and China (Fors, 2014).
Using 5 different scholar articles, I am going to discus how the outcomes of global markets affect the utilization of children as workforce in developing countries using relationship between corporations, governance, globalization and international laws with child labor.
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According to Fors, 2014, the correlation between these two variables is significantly negative, therefore, the factors that increase the globalization, such as global political right, GDP or population, decrease the number of children exploited as a labor force. Social globalization has a decisive role in the negative correlation between those variables because of the increasing ability among nations and market to transfer information and enhance the social network that reduce the cost of developing skills esteemed in global markets. On the other hand, the correlation between foreign direct investment and number of children used as workforce is …show more content…
The rise on wages increases the pressure for production with the consequently surge of final production and competitiveness, allowing the company to enhance the global performance.

Relationship between international laws and child labor

Lastly, the international and local policies play a fundamental function in fighting child labor; the government policies in some nations are customized in order to leave open different possibilities to favor specific sector like garment industry in India (Phillips et al., 2014).
Even the U.S department of labor, created a vast number of regulations and policies against child labor globally. The deregulation and the local law in some countries tolerate the employment of children in specific circumstances that are used by the local companies in order to reduce expenses (Nodoushani, 2013).
Moreover, the right of schooling is fundamental in developing countries to develop the levels of education among the children and reduce the child labor. According to Bhaskaran et al., 2014 increasing the years of mandatory education could decrease the child

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