Globalization and Employment in Less Developed Countries Manufacturing Sector - Research Paper Example

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The paper "Globalization and Employment in Less Developed Countries’ Manufacturing Sector" highlights that global solutions in different fields of human activities introduce a certain degree of changes. Patterns of employment depend on the organizations’ ability to flexibility and responsibility.  …
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Globalization and Employment in Less Developed Countries Manufacturing Sector
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Download file to see previous pages On the example of relevant studies and researches, special attention is paid to the influence of globalization in LDCs’ manufacturing sector. The modern phenomenon of globalization is a wide-spread issue for the discussion in numerous researches and studies. It cannot be denied that various dynamic phenomena are correlated with this background. The limits of different nations are blurred and it is appropriate to focus on specific criteria for the development of different employment patterns, which differ from the ones, which existed previously. Actually, there are many different aspects of globalization and we will further focus on economic globalization. With respect to it, we found it necessary to define the phenomenon of economic globalization: “Economic globalization refers to the increasing interdependence of world economies as a result of the growing scale of cross-border trade of commodities and services, the flow of international capital and wide and rapid spread of technologies. It reflects the continuing expansion and mutual integration of market frontiers, and is an irreversible trend for the economic development in the whole world at the turn of the millennium1 ” It can be surely claimed that the development of technologies and the flow of international capital across different countries enable foreign markets to create a great number of new jobs. Employment goes at a full pace, but very often this process evokes numerous different reactions of the society. On the one hand, globalization has been gradually increasing in the world of economy and different changes happened to foster the processes of globalization. Let us focus on economic globalization and its impact on less developed countries (LDCs). In this case, we will see the following picture: tariff barriers for international trade became much lower and there is a coming process of high-speed market development in the world. The world trade, goods and products are on the way of their constant expansion and development. As a result, the cost of transportation and communication around the world are expanding the laws of international regulations. Consequently, conditions of employment for the employees in different fields should be correlated with the options of investments and a free financial flaw. It was found out by Lee (1996) that “there is a significant current of apprehension over the implications of globalization for employment and income inequality. On the face of it, this is difficult to reconcile with the voluntary shift towards a more open world economy in democratic societies, which are also the only countries where the apprehension is voiced”2. Moreover, LDCs have many opportunities to follow the credit process line of the government and the global society to improve their production. Less developed firms are encouraged and supported internationally. There are many winners in employment nowadays, but there are many losers as well. Globalization often leads to job losses, but at the same time, it can create a number of interesting and prospective jobs. There are different patterns of global trade and employment generation is on the prospective edge of having many opportunities for development. Economic globalization has always intensified changes in employment patterns. This resulted in the integration of capital and financial markets.  ...Download file to see next pagesRead More
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