Multinationals-Exploiting attributes of different locations Essay

Multinationals-Exploiting attributes of diverse locations - Essay ExampleForeign Direct Investment in many developing countries have scraggy the growth of indigenous industries and also resulted in large scale exploitation of the resources of that particular region. Political Economy-cases and methods of international exploitation Multinational companies principally exploit the attributes of different locations either by fol diminisheding labour laws that do not reflect the current sentiment in the market or by monopolising the market in such a mode that competition from the native country is slowly relegated. Unfair practices in cahoots with the administration also result in large scale exploitation of natural resources. Some of the cases and theories of exploitation by multinationals have been discussed. 1. One case study of the equip industry from around the world is carried out to understand the working conditions of those employed in this industry. The industrial term fo r such factories be sweatshops which employ workers at low wages and force them to work in unhygienic conditions for a long period of time. It is said that the garment industry in Central America employs 80% women between the age group of 14-26. At Doall, a Korean confederation operating in El Salvador that makes the famous LizWear and Liz Claiborne fashions women are made to work from 6.50 am to 10.30 pm with two half second breaks, one for lunch and the other for dinner. (VIDEA, 2000 ) In the rush hour months they have to work for 7 days week clocking roughly 90 hours. To hold on them from sleeping, the company also encourages them to take a No Doze pill which is a highly unethical practice. For the first gear eight hours these workers are paid 60 cents an hour and 1.20 dollars per hour as overtime. To sum up a worker would be paid 8.40 dollars for an arduous 11 hour shift which is considered far below the borderline wage requirement. (VIDEA, 2000) The Liz Claiborne collecti on is, however, marketed as very modern, fashionable and sophisticated dress around the world. However if indications are to show the working conditions at the Doall factory in El Salvador is anything but sophisticated. Apart from low wages, the working conditions are pathetic. Air that is full of dust and lint cause breathing problems, skin rashes and other kind of allergies. behind breaks are limited and workers are obligated to work overtime. Failure to adhere to these norms results in suspension or withholding of attendance bonuses. Apart from these excesses, new workers are forced to take blood and pregnancy tests to prevent employing pregnant women. Women in the ironing and cleaning sections are forced to stand all day make inflammation in the feet and working ambience is especially unpleasant with supervisors yelling at them for not be able to meet targets. (VIDEA, 2000) Employers know that any kind of trade unionism with the nature of work voluminous would cause severe p roblems for the company. Hence any kind of activity to that effect either by way of organization or by distributing trade union literature is considered subversive. Studies carried out by National religious Committee for Worker Justice Workers in factories of Lavapant, Vaqueros and Cantabria indicate that workers were not paid overtime even though they had worked over 60 hours. This is in violation to the Mexican