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DOES GLOBALIZATION PROMOTE EMPLOYMENT (job losses why? (outsource to a low…
DOES GLOBALIZATION PROMOTE EMPLOYMENT
offshoring
reduce costs
outsource only part of their prdn to emerging countries
job losses- low skill assembly line jobs
workers jobs- employment
risk being transferred to the other side of the globe
job losses
due to competing goods from other countries
imported goods make things difficult for domestic products
spawned job losses in OECD countries
agribusiness
located close to the market (distribution)
less impact from international competition
wage competition
prompts many OECD companies to outsource production
job losses why?
outsource to a low wage country
strategic de-orientation
bankrupcies
emerging countries
creating new businesses
through off shoring from developed countries
globalisation led to job creation
corporate union activism
increased lack of job security
sweatshops
prevent job losses
part time working programmes
expand public budgets
increase number of training programmes and funding