ABSTRACT
When a country integrates its operations with other countries, it is said to have achieved globalization, but not every country will allow you to integrate its operations and it will always ask for benefits in return. In order to achieve globalization, the country needs to be able and willing to give something back otherwise there can be no integrations.
A country needs to develop its ability over time first and then take the next step towards globalization. A country needs to be productive in all its operations, it should adapt to new technology and it should enhance its communication and infrastructure. When the country achieves globalization, it will receive foreign domestic investments, it will be open to trade with foreign countries and even foreign skilled employees will want to work in that country, which would create jobs, increase wages and develop working conditions but globalization does bring some affects, which are not favorable for everyone at all.
Globalization leads to greater focus on technology and demand for skilled labor and less reduces the demand for unskilled labor. Greater focus on technology also brings generation gap, there is a move towards privatization leading to de-layering and layoffs and foreign investments are more likely to go to manufacturing focused countries rather than agricultural focused countries but most importantly with globalization comes foreign bodies that enforce labor laws on countries.
It is clear that globalization enhances the local market making, which competes on the international level and in turn it creates new jobs, increases employment level and wage rate.
BODY
Globalization is an integration process conducted on a global scale. It usually takes place when one nation is able to integrate itself with the world through exchange of views, ideas, culture and their products. This is only possible when the country is able to develop itself on a domestic level by improving its transportation, telecommunication systems develop infrastructure including utilities the internet. These factors will lead the country to be an attractive investment on a global level, which will convince international companies to move their operations or conduct their set-up in the country that will lead to economical enhancements of the country. China is a very good example of globalization.
WHAT IS THE EFFECT OF GLOBALIZATOIN ON THE EMPLOYEMENT LEVEL?
To understand the effect of globalization, there is a need to conduct a study that will recognize its effects over the economies of the world with a view being on a sustainable level over the global scale including on the employment levels in each country. Greater emphasis is given to the employment levels and on the labor market because in fact this is mode of earning for a vast majority of people around the world for all types of nations may that be a developed nation such as USA or England, a developing nation like Pakistan, Afghanistan or an underdeveloped nation like Africa.
It is not possible that every person in the world will have their own business. We do not have a perfect market where whatever service or product you provide will sell and even if we do hold a perfect market, still not everyone can own a business as every business requires labor to operate without which it is impossible for a business to operate, but good market condition will definitely support the market and enhance the buying power of people that will enable businesses to grow and expand; hence, providing jobs and increasing the employment levels. Therefore, a question arises that what are the factors that lead to good market condition supporting enhancement of businesses.
AFFECT ON THE LABOR MARKET DUE TO GLOBALIZATION
It is clear that globalization has a great influence on the economy of the county leading to foreign investments being made in the country and enhancing the employment levels, which in turn enhances the labor market but not all effects of globalization are said to be good on the labor market. The effects of globalization are as follows:
POSITIVE EFFECTS
Globalization is deemed as the reason for creating new opportunities within the country, which will be for new productions leading to work for the labor and the removal of price discriminations with use and receiving of capital and labor.
Foreign direct investment is what every country desires and welcomes in whatever form it is received in, as this investment will directly or indirectly will be creating jobs in the country but to receive these investments the country has to update itself with the host countries technology adopt it and develop its ability according to it.................
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