Large MNCs in the garment industry in Europe and America order their products from Indian exporters. These large MNCs with worldwide network look for the cheapest goods in order to maximize their profits. To get these large orders, Indian garment exporters try hard to cut their own costs. As cost of raw materials cannot be reduced, exporters try to cut labour costs. Where earlier a factory used to employ workers only on a temporary basis so that they do not have to pay workers for the whole year. Workers also have to put in very long working hours and work nights shifts on a regular basis during the peak season. Wages are low and workers are forced to work overtime to make both ends meet.
Analyse the situation under globalization given above, considering one of the following correct option.
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