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The section explores how globalisation and competition have transformed employment dynamics in India, particularly emphasizing the garment industry. It illustrates the shift towards flexible employment, resulting in job insecurity and lower wages for workers, especially women. The narrative highlights the complex interplay between multinational corporations (MNCs) and local workers, showcasing both opportunities and challenges arising from these changes.
The section titled 'Competition and Uncertain Employment' delves deep into how globalisation, alongside competitive pressures, has reshaped the employment landscape in India, particularly in the garment export sector. With the rise of multinational corporations (MNCs) seeking cost-effective production, Indian exporters have been compelled to cut costs to stay competitive. This has led to the employment of workers on a flexible basis rather than as permanent staff, stripping away job security and numerous benefits that were previously guaranteed.
Through this overview, the section effectively conveys the dual-edged nature of globalisation in terms of both opportunities for employment and the resultant uncertainties and insecurities faced by workers.
Job Insecurity: The uncertainty of continuing employment often faced by workers in flexible job environments.
Impact of MNCs: Multinational corporations significantly influence local economies and job markets, often prioritizing cost-cutting over worker welfare.
Corporate Responsibility: The need for companies to engage in ethical practices that benefit workers and society in a broader context.
In a world where businesses roam, secure jobs can be hard to comb.
Once, there was a worker named Sushila, who, despite her skills, found her job unstable in a global market.
J.A.C.S.: Job security, Adaptability, Costs, Standards - key factors influencing employment in globalisation.
Sushila, a garment worker, faces job insecurity and lower wages after her factory closed due to competition pressures.
The rise of MNCs has led local exporters to cut costs, often at the expense of worker benefits.
Term: Globalisation
Definition: The process of increasing interconnection and integration of economies, societies, and cultures through trade, investment, and the movement of labor across borders.
The process of increasing interconnection and integration of economies, societies, and cultures through trade, investment, and the movement of labor across borders.
Term: MNC (Multinational Corporation)
Definition: A corporation that operates in multiple countries, controlling production or offering services in those countries.
A corporation that operates in multiple countries, controlling production or offering services in those countries.
Term: Flexible employment
Definition: A form of employment that does not guarantee stability, often involving temporary or part-time positions with fewer benefits.
A form of employment that does not guarantee stability, often involving temporary or part-time positions with fewer benefits.
Term: Job insecurity
Definition: The uncertainty of continuing employment, often experienced in flexible job markets.
The uncertainty of continuing employment, often experienced in flexible job markets.
Term: Supply Chain
Definition: The entire system of production, processing, and distribution of goods from their origin to consumers.
The entire system of production, processing, and distribution of goods from their origin to consumers.
Term: Corporate Social Responsibility
Definition: A self-regulatory model integrated by companies to contribute to societal goals and ethical business practices.
A self-regulatory model integrated by companies to contribute to societal goals and ethical business practices.