"Globalisation and its Impact on Employment"
What is globalisation? Globalization is this process of rapid integration or interconnecting between countries. More and more goods and services investments and technology are moving between country. Globalisation has both positive and negative impacts on employment including: What is the impact of globalisation on employment? The impact of globalisation on employment is controversial and depends on many factors, including the domestic economic conditions of a country. Increased competition Globalisation can lead to increased competition between companies, which can result in job losses, closures, and offshoring. Increased mobility Globalisation allows workers to move across borders to find better employment opportunities. This can lead to skilled workers to moving to higher paying jobs, but can also lead to low-skilled workers experiencing wage pressure and job insecurity. Economic mobility Globalisation can increase economic mobility by widening the path up the jobs...