Eighth Stop - Impact of Globalization on Employee Relations

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What is Globalization?
Globalization is such that the world is united in a market with the current growth in the world markets and go beyond national borders. Globalization is the socio-economic integration worldwide and it is one of the most popular topics in the international economy. It's a process their Events, decisions, and movements that occur in a part of the world affect the other parts in a meaningful way (Pradhan, 2010).

Due to globalization, employment relations have affected the whole world. In recent decades, there have been many changes in economic policy worldwide. Globalization points to combining countries in the world economy through the increased transaction, investment, short-term capital flows and the migration of qualified and unskilled workers internationally (Anon., 2016)

The Relationship between Globalization and Employment


After the end of World War II, progress in many Asian countries appears to be significant the result of globalization. But the increasing income gap because of the economic crisis that arose in 2008 has led to the question of globalization (Potrafke, 2015). The impact of globalization on employment is a key issue of the modern political economy. From the point view of workers in industrialized countries, although globalization is often seen as a threat, increased employment in developing countries is an important contribution to reducing poverty and meeting the millennium development goal (Rama, 2003).

However, the impact of globalization on the labor market and the mechanisms of the global economy can lead to job creation (Jenkins, 2006). Particularly in developing countries is the importance of the relationship between globalization and employment is increasing. 

Recent accelerating technological development, intensifying international trade, reducing low manufacturing jobs and competition are the most important factors affecting employment. Furthermore, post-industrial society accelerates transformation and globalization interaction between these factors affecting employment (Almond, 2006).

While the change from the industrial society to the information society is being followed in the world, economic and structural change is inevitable with knowledge-intensive work that replaces labor-intensive work. At the same time, the countries that cannot follow the structural transformation that has been brought off globalization is facing the problem of unemployment (Lall, 2002).

Therefore globalization is the major factor for the changes around the world, due to changes around the world, there are some changes in the employment relations as well.

References

Almond, P., 2006. Wiley Online Library. [Online] 
Available at: https://onlinelibrary.wiley.com/doi/abs/10.1111/j.1748-8583.2006.00030_1.x
[Accessed 5 June 2019].

Anon., 2016. UKEssays. [Online] 
Available at: https://www.ukessays.com/essays/economics/changes-in-employment-relations-due-to-globalisation-economics-essay.php
[Accessed 5 June 2019].

Jenkins, R., 2006. semantic scholar. [Online] 
Available at: https://pdfs.semanticscholar.org/2924/285ba01c4348529563ce1b494e2fc3409bef.pdf
[Accessed 5 June 2019].

Lall, S., 2002. sementic scholar. [Online] 
Available at: https://pdfs.semanticscholar.org/e2df/b965bae81c175ab828d61db5910080721508.pdf
[Accessed 5 June 2019].

Potrafke, N., 2015. IDEAS. [Online] 
Available at: https://ideas.repec.org/a/bla/worlde/v38y2015i3p509-552.html
[Accessed 5 June 2019].

Pradhan, R. P., 2010. Globalization in India: With special reference to 1990s. Journal of Economics and International Finance , 2(5), pp. 76-84.

Rama, M., 2003. World Bank. [Online] 
Available at: http://documents.worldbank.org/curated/en/846921467988877048/pdf/multi0page.pdf
[Accessed 5 June 2019].

Comments

  1. Sanjeewani AdikariJune 8, 2019 at 10:52 AM

    Globalization involves dealing with different nationalities, their cultures, policies, regulations as well as procedures. Upon globalization greater challenges are awaiting HR departments when reaching to global markets. You have well explained how this is linked with employee relations along with its impacts. Good job

    ReplyDelete
  2. Mazeen MansoorJune 11, 2019 at 12:13 PM

    It is true that globalization has opened door for the organizations find talents from allover the world thus it has made the distance to the employee relationship as well.

    ReplyDelete

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