February 25, 2009

The global financial crisis now underway is expected to have major impacts on North American and European workers and consumers, including massive job losses and reductions in spending power. It will have even more serious consequences for workers in the global South who depend on North American and European markets.

This paper takes a look at the possible impacts of the financial crisis on the garment industry and garment workers. It goes on to lay out indicators to look for that help gauge the impact that workers will ultimately feel.