Hundreads years ago, there were not much interactions and integrations among different nations and governments. Aside of this, the wave of lifestyle-change was slower than nowadays which have a prompt process on entertainment, busisness and politics. these process have assisted fashion industry to become unprecedentedly prosperous. it is generally agreed that globalization have brought significant changes to fashion industry, such as comfortable clothing, trendy stuling, and reasonable prices. How ever , it has also been controversial along with its changes, which has rising dispute about widened gap between poor and rich countries turnover of fashion manufactures and lost original cultures of clothing. This essay will address the question of is globalization beneficial to fashion industry by analyzing the impact of global environment to fashion industry and discus how fashion business and tread are made for rich countries.
- People in LEDs work long hours for low wages
- Employment is created for people in LEDs
- There is a greater share of wealth throughout the world
- MEDCs can buy cheap raw materials from LEDs
- Multinational companies relocate their factories if labour costs get too high
- Many clothes factories in MEDCs have closed down due to comptition with cheaper improtant form LEDCs
- Actions and events in MEDCs can affect lives in LEDCs
MEDC: More economically developed countries
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