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The Ways in which Globalisation Has Changed Work Patterns and Labour Structures - Research Paper Example

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The paper "The Ways in which Globalisation Has Changed Work Patterns and Labour Structures" states that globalization has resulted in producing easy access to products and services for the consumers who had problems in accessing this stuff before the spread of this concept…
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The Ways in which Globalisation Has Changed Work Patterns and Labour Structures
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Download file to see previous pages A crucial debate is continuously rising on weighing the positive and negative impacts of globalization and exploring the people who are directly or indirectly influenced by the changes brought in by this concept.
Globalization is a comprehensive and broad topic and covers a huge list of important issues including economic, social, political, cultural, religious and moral etc. The definition of globalization is also defined in the light of all these perspectives. As it is defined by James Rosenau, a political scientist, as "a label that is presently in vogue to account for peoples, activities, norms, ideas, goods, services, and currencies that are decreasingly confined to a particular geographic space and its local and established practices" (1997, p.360).
Most of the researchers bordered their research on the economic impacts of globalization. It is undoubtedly clear that globalization has impacted the overall economic situation of the current world. However, the social, political and other areas also require attention as globalization has affected the policies, education, culture and overall social structure of the states. The economic aspects of globalization are not limited to its effects on microenvironment but it has affected markets on a macro level. The microeconomic effects refer to the technological advancements and the impact at individual firm levels, whereas, the macroeconomic effects involve the collaborative analysis of markets for business purposes (Oman, 1994).
The list of positive aspects of globalization includes the excess availability of external finance. This excess amount of finance is helpful, especially for developing countries. The excess availability of excess finance from external sources is evidenced by the IMF, Direction of Trade Statistics Yearbook and the World Bank, Global Development Finance, 1999. For instance, the increase in capital flows is observed in the East Asia Pacific from 15.8 in 1980 to 36.3 in 1997. ...Download file to see next pagesRead More
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