Introduction 2

To what extant globalization is beneficial to fashion industry.

The most charged issue of the day is globalization, which is a process of interaction and integration of different people from different places which started hundreds of years ago. Due to less interactions and communications between countries, the fashion cycle was very slow that it changes yearly in early Victorian era (1837-1860) (Pauline, W, T. 2008). Surprisingly, if we turn to now, fashion cycle is changing weekly as generally people would have doubt that where it can be produced such effectively (Anke, j, 2008). According to the development of interaction andcommunication by globalization in recent years, fre trade resulted successful business to smart business man and it speeded up the process of fashion. Therefore, the fashion industry is unprecedentedly prosperous and also produces wondrous comfort and convenience to people's life. How ever, are there benefits shared by everyone under the global effects of this world? This eassy will address the question of 'Is globalization is beneficial to fashion industry?' by analyzing how the process of fashion is done and how the benefit is taken by MEDCs (moe economically developed countries).

Great share of wealth is throughout the world after globalization. It provides cheaper materials from LEDCs(lower economically developed country) to companies and leads to have petter qualities on clothing though the communications between companies.

Even higher employment is created for people in LEDCs. However, People in LEDCs wor long hours for low wages.

However, because of relocation of multinational companies in LEDCs if the labor cost gets high, less choice is provided for LEDCs to increase their income.

Not only LEDCs have negative impact on fashion industry but also in MEDC, such as many closed clothing factories appears due to the competition with cheaper imports from LEDCs.