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Impact of Globalisation on the Nature of Work in Developing Countries - Essay Example

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This essay talks about impact of globalisation on the nature of work in developing countries. Globalisation has brought about a host of opportunities in the world. While these opportunities continue to be enjoyed, there are many disadvantages which have emanated from the same globalisation. …
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Impact of Globalisation on the Nature of Work in Developing Countries
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"Impact of Globalisation on the Nature of Work in Developing Countries"

Download file to see previous pages negatively much more than the male counterparts in the same countries because they are less likely to be able to take up the skilled employment opportunities. Widening Income Gaps There are other disadvantages which come with globalisation. As globalisation creates employment for the skilled people and takes away the same from those who are not professionally trained, this will continue to widen the income gap and these developing countries will end up without a middle class. A country without a middle class is usually at risk of economic and political instabilities, and this is why the issue of globalisation persists.6 Globalisation will continue to expand the gap between the poor and the rich as the few people in the developed countries who have been rich enough to get an education continue to take the top jobs, either locally or even internationally, and be richer, and the majority who do not have an education continue to be jobless and without income.7 Those poor people will not be capable of educating their children, and the trend will continue. On the other hand, the few who are at the top of the socioeconomic ladder will be able to instruct their children, and this means that the few rich will continue to get richer while the majority poor will continue to be poorer. India’s labour market was one of the first to hugely benefit from globalisation as it was the preferred destination for business process outsourcing. As a result of many western camping in Indian cities looking for educated jobless individuals to do their call centre work, many young and educated men benefited and started earning salaries they could not have dreamt of, especially for a call agent. The problem with this was that not everybody in India is educated and when these opportunities came,...
This report stresses that “education differences have played a big role in turning globalisation opportunities into curse for developing countries”. This is a big issue in developing countries because in these countries, few people are educated and thus cannot take advantage of these opportunities brought about by globalisation. Developing countries also have women who are generally much less educated than their male counterparts. This is unlike in the developed world where the gap between the educated males and females is closing up. This means that women in developing countries will be affected negatively much more than the male counterparts in the same countries because they are less likely to be able to take up the skilled employment opportunities. Globalisation has also helped in boosting the local employment numbers in developing countries through supporting local businesses.
This paper makes a conclusion that globalisation has both positive and negative impacts. With regard to the labour market, globalisation has brought both favourable and adverse impacts. However, the negative impacts seem to be outweighing the positive ones and, if not put in check, these negative impacts may end up having a serious implication for the global economy rather than only for the developing world. As a result, it is necessary that the issue of globalisation be looked at seriously and any future problems be solved in order to avoid a negative effect on the global economy. ...Download file to see next pagesRead More
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