We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Nobody downloaded yet

Unemployment Halts Globalisation (Pros and Cons) - Essay Example

Comments (0) Cite this document
Summary
This present paper seeks to discuss the pros and cons that are associated with the fact that unemployment halts globalization. This fact is based on the premise that globalization being an independent variable is negatively affected by the increase in the rate of unemployment…
Download full paper
GRAB THE BEST PAPER
Unemployment Halts Globalisation (Pros and Cons)
Read TextPreview

Extract of sample
Unemployment Halts Globalisation (Pros and Cons)

Download file to see previous pages... Unemployment Halts Globalisation (Pros and Cons)

The fourth section before the conclusion will discuss the pros and cons of the fact that unemployment halts globalization. Unemployment With reference to the writings by Stringham and Workman (2004), they wrote that unemployment is a situation whereby people who are willing and able to work are not able to work since they do not have employment opportunities. The causes of unemployment are classified into two categories that include transitional unemployment causes and structural unemployment causes (Stone and McCraw, 2009). Under transitional causes, it is stated that unemployment is caused by temporary reasons such as; Turnover of unemployment whereby people leave their jobs to take up other jobs Casual unemployment which occurs on employees who are engaged as casual workers Seasonal unemployment, which is experienced in an industry that faces seasonal demand for its goods and services.
Under structural causes, Layard et al. stated that unemployment is caused by structural changes in the economy such as:
• Economic depression, which normally results in low demands of goods and services meaning that employment opportunities diminishes
• Technological changes causes unemployment to a group of employees who are not fully conversant with the operational use of the newly introduced technology
• Rural to urban migration, which results in urban unemployment
Other causes of unemployment include:
• Overpopulation
• Lack of capital
• Lack of proper training and education
• Lack of occupational specialisation
...
s, local governments, and citizens of different countries, with investments and international trade acting as the driving force and is catapulted by information technology is known as globalization. Greenaway et al. (2008) further added that the integration and interaction of different economies and people of different economy has a very huge impact on the political system of these countries that integrate and interact as their cultures, environment, economic success and development are also greatly affected by globalization Godinot (2012) wrote in his book that the main distinctive characteristic of globalization is capitalism as it promotes self-sufficiency and reliance on individuals in order to enable them to become masters of their own destiny. Jagdish (2004) on his part stated that globalization is mainly concerned with making people and the market free. In addition, it is a system that allows economy to grow without any interference and with the assumption that there is no poverty and the main pillars or building blocks of globalization constitute of technology, economy, market, and capital. The relationship between unemployment and globalisation From the causes of unemployment that were listed above it can be stated that the impact of globalization also contribute to unemployment, in the sense that Dreher et al. (2005) stated globalization is facilitated by high advanced technology and relocation of people from rural areas to urban areas, which has been touted as one of the causes of unemployment. On the other hand, Nadeem (2009) stated that increased levels of unemployment result in lower demands of goods and services, which means that both local and foreign goods and services will not experience high demand thereby, mostly limiting foreign companies from ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Unemployment Halts Globalisation (Pros and Cons) Essay”, n.d.)
Retrieved from https://studentshare.org/macro-microeconomics/1497833-unemployment-halts-globalisation-pros-and-cons
(Unemployment Halts Globalisation (Pros and Cons) Essay)
https://studentshare.org/macro-microeconomics/1497833-unemployment-halts-globalisation-pros-and-cons.
“Unemployment Halts Globalisation (Pros and Cons) Essay”, n.d. https://studentshare.org/macro-microeconomics/1497833-unemployment-halts-globalisation-pros-and-cons.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document
CHECK THESE SAMPLES - THEY ALSO FIT YOUR TOPIC
Financial pros and cons
Further, it discusses the financial viability of a new production plant and the hurdle rates at which the project can be accepted. The essay also discusses the financial pros and cons of going public and finally recommends the financing option the company should adopt based on sound financial principles.
4 Pages(1000 words)Essay
Pros and Cons about Abortion
The world has changed drastically over the past few years; the culture across the globe has drastically changed. There are far too many abortions taking place these days when compared to the previous years. Abortion is mainly opted by women who choose to avoid becoming pregnant and most of such women are unmarried women.
3 Pages(750 words)Essay
Pros and cons of globalisation
For millions of years, people and, afterward, business organizations have been buying from as well as selling to each other in lands at huge detachment, such as throughout the famed Silk Road across Central Asia that associated China and Europe all through the Middle Ages.
8 Pages(2000 words)Essay
Pros and cons of caffeinne
While the consumption of caffeine carries benefits, it could negatively impact health such as increasing heart rate, cause dehydration and raise blood pressure (Gruenemay, 2006). However, caffeine has been deemed a safe substance by the Food and
2 Pages(500 words)Essay
HPV Pros and Cons
The low-risk viruses can cause mild Pap tests abnormalities or genital warts. HPV also spreads across via sexual contact, because the infected individual rarely has any symptoms, this disease can be passed unintentionally to
3 Pages(750 words)Essay
The pros and cons
However, this does not mean that all students have to get an A but at the same time, students have to try their best and achieve their goals. For instance, students at BMCC have a good educational environment and a faculty which is ready to listen to the students’
2 Pages(500 words)Essay
Financial pros and cons
sses the financial pros and cons of going public and finally recommends the financing option the company should adopt based on sound financial principles. Profitability and solvency position of a company is a direct way to understand how well a company is performing. For the
4 Pages(1000 words)Essay
Luma pros and cons
Luma binds them into a team brimming with the qualities of sportsmanship. War, violence and displacement are part of the life of her team members and each one of
2 Pages(500 words)Essay
Pros and cons
The second plan, i.e. the use of the adjacent space for opening a coffee bar, is considered as most effective if taking into consideration the criteria presented above,
1 Pages(250 words)Essay
Pros and cons of technology
Computer technology has both pros as well as cons, however, in the modern world, its use is nearly seen in every sector as well as even in households, schools and colleges. The pros are that computer reduces manual labor, saves time, brings better efficiency of
1 Pages(250 words)Essay
Let us find you another Essay on topic Unemployment Halts Globalisation (Pros and Cons) for FREE!
Contact us:
+16312120006
Contact Us Now
FREE Mobile Apps:
  • About StudentShare
  • Testimonials
  • FAQ
  • Blog
  • Free Essays
  • New Essays
  • Essays
  • The Newest Essay Topics
  • Index samples by all dates
Join us:
Contact Us