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Published on Wednesday, 07 October 2009

Global Launch of Asia Floor Wage

Written by Stacey Dove

The global economy is increasingly integrated from the perspective of capital but increasingly fractured from the perspective of labour.

Freer capital flows, relentlessly expanding global companies, and expansive trade policies have made the world a smaller place for capital. In contrast, labour mobility is limited and workers in the global economy are isolated from each other even as their labour contributes to the consolidation of the global commodity chain.

The garment industry is arguably the most integrated international industry today. It has globalised and repeatedly re-structured its production in the last two decades moving from continent to continent in search of cheap labour and large scale competitive advantage. Its production is spread across the globe, primarily in the Global South in regions like Latin America, Africa, Eastern Europe, and Asia.