The Impact of Globalization on Employment

In: Business and Management

Submitted By adrianarmijo
Words 2989
Pages 12
The Impact of Globalization on Employment
Adrian Armijo
April 21, 2016

Abstract
This paper focuses on the impact of globalization on employment and provides a thorough analysis based on its pros and cons, as well as its effect on wages in OECD nations. With faster interaction or communication of ideas, the stride of industry growth in the emerging world amplified, producing an upsurge in the job markets. As a result, many emerging countries are now undergoing very positive growth rates. In developing nations, predominantly developing nations, globalization led to an increase in employment, either through new businesses being created or businesses offshoring from industrialized nations. While it may be tough to put an accurate number on this, it can be said that globalization generated more jobs in total than it eliminated. In some countries, globalization has played an extremely important role in relation of enhancing employment. Given these points, globalization has enhanced employment and salaries in emerging nations mainly because of inflows of foreign investment or rises in the price of an emerging nation's export products.

Introduction
First of all, the primary reason and result of globalization is worldwide trade, which has increased significantly. An increasing trade has frequently been followed by greater financial advance, though not in all cases. The correlation between globalization and employment is of rising importance to policy makers in developing countries, but it is challenging to examine both hypothetically and empirically. Globalization is a multi-faceted phenomenon, and each facet may have distinct outcomes on employment, changing by time, industry, country, and policies. The notion of globalization has been rising since 1980’s almost in all emerging economies and it has become a very disputed topic in the past years. The world has…...

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