Globalisation has led to an improvement in living conditions:a)of all ...
Globalisation has led to an improvement in living conditions for workers in developing countries.
Increased Employment Opportunities:
- Globalisation has opened up new markets and created opportunities for businesses to expand their operations internationally.
- This has led to an increase in foreign direct investment in developing countries, which has in turn resulted in the establishment of new industries and factories.
- As a result, there has been a rise in employment opportunities for workers in these countries, leading to improved living conditions for them.
Higher Wages:
- Globalisation has also resulted in increased competition among businesses.
- In order to remain competitive, companies often seek to reduce their costs, including labor costs.
- This has led to the outsourcing of production and manufacturing to developing countries where labor costs are lower.
- Workers in these countries benefit from this outsourcing as they are able to secure employment and earn wages, albeit at lower rates compared to developed countries.
- While the wages may be lower in absolute terms, they are often higher than what workers would have earned in the absence of globalisation, thus improving their living conditions.
Access to Better Working Conditions:
- Along with increased employment opportunities and wages, globalisation has also brought about improvements in working conditions in developing countries.
- As companies expand their operations globally, they are increasingly under pressure to comply with international labor standards and regulations.
- This includes ensuring safe working conditions, reasonable working hours, and providing benefits such as healthcare and social security.
- International organizations and initiatives such as the International Labor Organization (ILO) play a crucial role in monitoring and promoting these standards.
- Consequently, workers in developing countries are now more likely to have access to better working conditions, which contribute to an overall improvement in their living conditions.
In conclusion, globalisation has positively impacted the living conditions of workers in developing countries by providing them with increased employment opportunities, higher wages compared to pre-globalisation levels, and access to better working conditions. While globalisation has also brought benefits to people in developed countries, the most significant improvement in living conditions can be observed in the case of workers in the developing world.
Globalisation has led to an improvement in living conditions:a)of all ...
B is correct answer
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