Sunday, November 16, 2014

Economy in South Asia


by Brian dela Fuente

In the world that we live in today there are so many possible business opportunities that are literally just waiting to happen. However they can be unethical at times and it becomes nothing more than modern slavery with some of the wages these people are paid.In Bangladesh they 38 dollars a month and we know that even teens can make double that in a day in America. I had viewed a documentary called the “Hidden Face of Globalization”. I had seen women in their teens working 20-hour shifts, subjected to verbal and physical abuse by their employers and forced to work, as they are the only source of income for their family. However the UN with the ILO has become involved in how these places are ran with things such as skill development, and training. The Alliance of Bangladesh Worker Safety has been working with 26 companies like Wal-Mart. Although outsourcing may not be the most ethical thing in the world it helps each country economically. India has doubled their GDP (Gross Domestic Product), which shows progress for their future jumping from 600 billion in 2006 to 1870 billion in 2014. I just hope that one day each person make an honest living life most Americans do each day and I believe that one day it will become a reality as long as we have organization like the ILO on our side.

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