Flexible Specialisation and the persistence of the sweatshop Sweatshops are known to be a mass of workers mass-producing goods they may never be able to afford themselves. The sweatshop rose to meaning as work moved off the farm and into the city‚ and employers found a limitless amount of so called labourers to make their products. The low entry costs and high labour intensity linked with the textile industry tended to concentrate sweatshops in clothing production. As industrialization grew‚ labour
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Fin 4910/6990 Further Questions Problem 7.19 (a) Company A has been offered the rates shown in Table 7.3. It can borrow for three years at 6.45%. What floating rate can it swap this fixed rate into? (b) Company B has been offered the rates shown in Table 7.3. It can borrow for 5 years at LIBOR plus 75 basis points. What fixed rate can it swap this floating rate into? (a) Company A can pay LIBOR and receive 6.21% for three years. It can therefore exchange a loan at 6.45% into a loan at LIBOR plus
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Sweatshops Throughout the years‚ United States businesses have had to face protests from government officials‚ labor leaders‚ and student organizations due to employing sweatshop labor. If you are unaware of what sweatshops are‚ they are generally characterized as a place of employment that have very low pay‚ very long hours of work‚ and terribly poor working conditions. After hearing this‚ most people would assume that is awful and they should be illegal and banned immediately from all countries
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Quick facts on sweatshops; > Girls between the ages of 15 and 25 make 85% of the workforce in sweatshops >Up to 75% of a sweatshop worker’s income is spent on necessities such as food‚ clothes‚ etc. >on average workers have a 60-80 hour workweek in a sweatshop > in china‚ 2009‚ about 1‚000‚000 workers were injured on the job and 20‚000 got sick from their work in hazardous conditions >Workers are forced to handle dangerous chemicals and glues in sweatshops with little or no protection > A child working
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THE BASICS PARTS OF THE ORGANIZATION An organization it is composed by an operating core and an administrative component made up by managers (strategic apex and middle line) and analysts (“technostructure” and staff)‚ partially responsible for their work. The strategic apex is composed by people having overall responsibility for the organization; they have the widest perspective of the organization. In Nike‚ the Board‚ which is elected by shareholders‚ is the ultimate decision-making body of
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sell goods in 1st world countries‚ their produce comes from sweatshops primarily in developing nations. Sweatshops are not legal; they are defined by the US Department of Labor as factories that violates 2 or more labor laws. The government of these third world countries and the corporations are at fault. While they line their pockets‚ their workers toil for over twelve hours a day‚ earning roughly $5.00‚ barely enough to make meets end. Multinational corporations are constantly competing with
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Sweatshop: Sweat Not! “It’s [cheap labor] the fastest-growing criminal market in the world‚” (Edmondson 149) Gail Edmondson writes in an article discussing cheap labor. Economic growth has always been a large interest for most countries. Due to many high unemployment rates‚ corporations take advantage of the lower classes by enforcing cheap labor. Cheap labor is the employment of people with very low wages‚ under poor or unsafe conditions. Since people in the lower class do not have much money‚ they
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Nike: The Sweatshop Debate MGT/448 Date: November 25‚ 2014 Introduction This paper is about a case study entitled: “Nike: The Sweatshop Debate.” Legal‚ cultural‚ and ethical challenges that confront Nike’s global business will be described. In addition‚ various roles that host governments have played in the debate will be determined and a summary of the strategic and operational challenges facing global managers for the Nike Corporation. Article Summary According
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Mini research on sweatshop A sweat shop is a work place‚ often a factory in which employees work long hours at low wages under poor conditions. It is defined by the US department of labour that violates two or more labour loss. Sweatshop is a light-hearted game based upon very present realities that many workers around the world contend with each other. In developing countries‚ an estimated 250 million children ages 5-14 are forced to work. Products that commonly come from sweatshops are shoes‚ clothing
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global economy is controlled by sweatshops (Kristof Wudunn 542). Well‚ that can’t be true! They call it the Sweatshop Belt: China‚ South Korea‚ Malaysia‚ Indonesia and Bangladesh to be more precise. What comes to mind when we say the word "sweatshop"? Sweatshops are known for their inability to provide a safe working environment‚ low pay rate and child labour. Because of all these negative connotations‚ sweatshops are continuously perceived in a negative way worldwide. Nike‚ Gap and H&M are brands that
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