Thesis Statement & Outline

Thesis Statement & Outline

Introduction

The recent adoption in technology and success driven by ecommerce has resulted in created numerous business opportunities. In order to benefit from them, corporate use a variety of techniques and business strategies that at times test the boundaries of ethics. Many large business organizations have opted to outsource a major portion of their work to the developing countries in an effort to decrease their cost. The level of control that these large corporate have on the economic development of the third world countries allows them to at times exploit the resources. Child labor is one of the implications of the ferocious struggle among the corporate giants to become the number one in their respective industry while keeping ethics and human rights to the toes.

Thesis Statement

Global corporate giants have been involved in exploiting child labor in various countries for the sake of their own economic prosperity.

Discussion

The developed countries in the world have always been the power house for the economic activity in the world. This is primarily due to the fact that they have placed themselves as a lucrative investment opportunity to the world investors. The fact that Japan, the EU and United States alone were able to attract three quarters of the total foreign direct investment (FDI) inflows globally and 85% of outflows during the period 1995-2000. However, the level of FDI received by developing countries is very small (Busse 2003, p40).

This lack of interest has led the developed countries to suffer from economic draught and a lack of jobs opportunities in those countries. Therefore, when a multinational company starts its operations in the country, it is able to get complete control over the economic prosperity of that part of the country. It can easily manipulate the labor of that area and exploit ...