GLOBALISATION AND UNORGANIZED WORKERS: A QUESTION OF SOCIAL SECURITY
The right from a manufacturing economy to a science economy from production of goods to production of ideas, and from the machine age to the information age has been accompanied by many transformations. Rather than producing ‘goods’, the science firms produce ’Idea’. Organization in the science era, such as software, financial science and biotechnology firms, depends on ‘Intellectual Capital’. People create ‘Intellectual Capital’ and are therefore the most valuable asset of the firm. Even the environment within which firm conduct business today is very different and much more complex and dynamics when compared to the environment fifteen years ago. As the world becomes one global playing field the environmental changes in countries other than the home country of a firm affect business decision and the performance of firms/organized & unorganized sector. As industrial controls and trade restrictions are lifted, this could result in higher output growth leading to a creation of new employment opportunities and a visible fall in poverty and unemployment. But results are indifferent. This paper focuses on the effect of change in environment on economy in of generation employment in unorganized sector and what steps has to be taken to provide social security to them.
KEYWORDS: Unorganized sector, Environment, Social security