Economy, asked by 2005omkumhar, 5 months ago

what is the effect on life of workers due to growing competition because of globalisation
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Answers

Answered by singhshauryarathores
2

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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