Defragmenting 'global disintegration of value creation' and labour relations

Abstract

This paper tries to interpret the nature of emerging labour relations in the manufacturing sector in the era of globalisation in India. It shows how high road employment practices can exist only if conditions of competition are violated. It also argues that it is the control over value that determines the choice of the social mode of production and not the other way round. While arguing that it is not value chains but value cycles that generate different social modes of production relations, the paper tries to establish the existence of a global cost chain, which ultimately is borne by the most insecure and vulnerable social groups caught in an irresistible structural transition.