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Globalisation

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Submitted By jeremynatacha
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Globalisation can be described as a free way of doing business with free transaction of capital and workers around the globe. It is the method by which economic boundaries are broken down among each geographic region, province or state which lets nations to trade freely and effectively between themselves with no fear of being financially penalised.
The retail fashion industry is facing the same issues as other industries and outsourcing, intellectual property and piracy are challenges that they have to address.
Nowadays, majority of fashion companies are relocating clothing manufacturing in countries such as China, Taiwan, India or some other cheaper cost manufacturing nations; even the biggest designer companies who normally take pride in making their own clothing locally are among this trend.
Several years ago, many small retail companies used to be owned by families for many generations with loyal based customers. Those small family businesses were purchased by multinational companies which now manufactured their own brand to serve the middle market. They will keep their prices generally high and will pretend that the goods are handmade in Europe by artisans. Unfortunately the practice of this strategy is no longer true although they are trying very hard to hide the fact. As the “made in” labels tags for outfit in general, is no longer compulsory in Europe, some companies, specifically designers (Gucci, Prada, Dolce & Gabbana and others) will manufacture part of the clothing in China or in North Africa and will ship back the unfinished products to Europe in order to complete the job. In Europe, buttons will be added to dresses or skirts for example and the finished product will be showing a tag label “Made in Europe” pretending that they are made locally in order to sell more and avoid critics for using cheap labour countries. The WTO should better play...

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