Effect of Corporations Moving Jobs Overseas on the Economy - Coursework Example

The global financial crisis that commenced near the end of the year 2007 has had tremendous adverse impacts on the economy.... Is Technology Killing Middle-Income jobs in the U.... hellip; Hundreds of thousands of middle-class jobs have vanished in the developed economies all over the world.... Growth of middle-class jobs in the US has come to a halt, incomes of the middle-class workers have stagnated, inequality among the workers has increased to alarming levels whereas the middle class workers have been splintered with the disappearance of more jobs....

Thirdly, it helps offer the supervisors and senior management with the image needed to be a key decision maker in this global economy.... All organizations strive to ensure that they manage their human resources appropriately in order to achieve the set targets, as well as goals of the organization....

Levitt indicates in his literature that the world is increasingly and inevitably becoming one, putting the multinational corporations into obsolete position, which were abounding at the time the literature was written.... This may have been true had the multinational corporations not kept up with the growing demands of a globalized market.... However, due to their ability to keep up through market research, multinational corporations are still able to hold their positions strongly, updating their product lines and technology alongside current trends....

Since 1995, the UK's electrical, chemical as well as the optical sector (and also going tandem was the IT and communications sector) had a faster growth rate surpassing that of the whole economy.... It's believed that the shipbuilding, steel, clothing and textile industries were slowly moving to the poor nations due to the stiff competition by the aforementioned growing industries....

A society is bound to progress as it grows old.... However, during the times of progression and in between it, social injustices naturally occur.... This usually happens when the agents of… Justice, being inherent in all society, does not permit this.... That is why government institutions are established....

According to Darren Weeks and others, one of the most damaging forms of foreign aid is the globalization of America's economy as seen in free trade agreements which cost America jobs.... In fact, Weeks makes an impassioned argument that this kind of trade agreement is ruining the country entirely, and that it will soon result in “unemployment in America, the loss of our jobs, the shrinking of the American way of life, the eradication of our freedom to travel, the elimination of the middle class” (Weeks)....

hellip; While the concept of Globalisation is not new to the world with manufacturers relying on outside suppliers to provide them with the parts for their products, the concept of moving jobs abroad as part of services Globalisation and moving plants and equipment overseas as part of Globalisation of manufactured goods is a relatively recent phenomenon.... There is the economic component of Globalisation that is defined as “the integration of national economies into the international economy through trade, direct foreign investment, short term capital flows and international flows of workers and humanity in general”....

According to these schools of thought, the issues of inequality in the Chinese economy have widened greatly due to the increased number of unemployed youths where they have been moving to the urban areas to search for employment opportunities (Giddens, 2014).... The social employees, according to the kind of their jobs naturally, they are more likely to come across some people who have suffered the entire impacts of the globalization process (Giddens, 2014).... Many of the young people are being attracted to go to the cities to search for jobs and adopt the urban lifestyle that seems to be attractive to them....