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Globalisation & Employment (Offshoring (High number of CEO's…
Globalisation & Employment
Offshoring
High number of CEO's expected to outsource part of the operations
less the 5% of lob losses are due to outsourcing (Economic Globalisation Origins and consequences)
More value added jobs created in OECD
More employment in developing countries
Low skilled labourer intensive work offshored
Can help countries in economic downturns
Competing Goods
Job losses due to international competition
OECD countries can trade with one another to reduce the risk of competition
OECD companies expand production on higher end products to compete
Employment Standards
Varying standards and wages in OECD countries due to offshoring threats
skilled job wages have increased due to demand
There is a widening of the richest and poorest citizens in developed countries
Job insecurity due to offshoring
more part time working
Sweat shops are an aspect in developing countries
Some increases in employment conditions in emerging companies with MNEs importing there quality and good practices