Fin hw1 Assignment Example | Topics and Well Written Essays - 250 words

Fin hw1 - Assignment Example lobalization and International Business, Johan asserts that indeed, sweatshops are an essential stepping stone if a developing country is to achieve economic progression. I fully concur with the statement for several reasons. In the documentary, Taiwan is presented as one of the countries that has seen the fastest economic growth rate in the last four decades. The same thing has also been seen more recently with the adoption of sweatshops in Vietnam, another country showing signs of gradual economic progress. Looking at these two examples, it is easy to tell that the countries in question had to endure the awful working conditions that come with the sweatshops for a short time in order to gain the economic progression at the end of it. Countries such as Kenya which declined to open up to the foreign â€Å"exploitation† have been forced to lag behind economically since little foreign investment made way into the country due to its restrictions towards adopting the sweatshops. In conclusion, it is true that sweatshops do a substantial harm to a country in terms of environmental deterioration and advancement of poor working conditions. However, it is important to understand that in most cases, the conditions provided in these sweatshops could be even better than those currently in place in that country. The baseline of it all is that sweatshops are key in stimulating the growth of a country through the creation of jobs and provision of skills that ultimately form the basis of development after the short stint of