Globalization, Poverty and Labor Structures

             Globalization, accumulation of capital and therefore economic restructuring are crucial elements in the way the world is organized and wealth is distributed. The development of capitalist world economy is heavily dependent on the particular division of labor that governs a nation's market. The concept of International Division of Labor (IDL) reflects the vertical relationship that exists among First World countries or developed countries and Third World countries or the developing countries. One should note that while the terms First world, Third world, developed and developing countries are often used in a pejorative way. It is not the intention of this essay to contribute to the discursive reduction of the countries discussed, nor is it the intention to reinforce binaries that allow for a vertical relationship of power to exist among the privileged and the less fortunate.
             For the purpose of this essay, IDL will refer to the new system of the world economy where the continuous growth of the capitalist countries has been accorded the gravest importance. In this model, worked out by the Organization of Economic Cooperation and Development (OECD), the organization of the Western industrial countries has been equated to the relocation and export of labor intensive and therefor labor-cost-intensive production processes to developing countries. This economic restructuring manifests into the use and abuse of Third World workers, because of their low wage levels and minimal requirements for safe work conditions, giving rise to establishment of Free Trade or Production Zones, or World Market Factories in countries such as the Philippines, Malaysia, Mexico, Sri Lanka, and Thailand. The relocation of industries, particularly the textile and garment industries, the electronics industry and the toy industry has dictated a certain labor order where women are the optimal force for the capitalist accumulation process on world scale because the...

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Globalization, Poverty and Labor Structures. (1969, December 31). In MegaEssays.com. Retrieved 14:05, April 26, 2024, from https://www.megaessays.com/viewpaper/204062.html