what is the effect on life of workers due to growing competition because of globalisation
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Answer:
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Explanation:
Globalisation generally refers to various dynamic phenomena that have the following
elements in common: (i) they cut across national boundaries and (ii) they result in
higher integration or interdependence of human societies. Globalisation can be of an
economic, social, political or environmental nature, for example. In this paper we
shall restrict ourselves to economic globalisation, that is to increasing flows of
production factors (capital, labour), of products (goods, services), and of technology
between national economies. We shall first consider how economic globalisation
might impact on employment, then review some analytical tools that can be used to
assess this impact, and finally look at the informational situation in the ESS with
respect to globalisation and employment. It should be noted that employment mayalso have an impact on globalisation (reverse impact). This aspect is, however,
beyond the scope of the present paper.
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