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Complete 7 page APA formatted essay: Consequences of Globalization of Labour.This is characterized with independency and interdependency in the entire world to facilitate efficient transfer of goods,
Complete 7 page APA formatted essay: Consequences of Globalization of Labour.
This is characterized with independency and interdependency in the entire world to facilitate efficient transfer of goods, services, capital, and labour across the national frontiers. In this regard, this paper looks at the consequences of globalization in this case and discusses some of the positives and negatives that come with such moves. Within the globalization of labour, we understand there is movement from developing to develop and vice versa, it is thus interesting to note the effect this will bring to the economic facets. Consequences of Globalization As indicated in the introductory part, there are several consequences that come with the globalization of labour both positive and negatives. a) Positive Consequences I. Reduction of unemployment It is possible to find some countries with higher degrees of unemployment, without free movement of labour as enshrined in the globalization of labour, this group of people might remain unemployed, and this affects the economy of a country. This phenomenon has been vividly observed in the EU countries where there has been a huge migration workers from east to the West of Europe. Consequently, this move has also enabled those countries without sufficient workers to acquire labour with ease. An example in this case is in the UK where there was acute shortages of nurse and had to source for nurses in the Far East to fill the shortages (Bary 2010, p.76). therefore, globalization of labour has been beneficial both to the country exporting and to the one importing labour. II. Rationalization of Wages Due to the globalization of labour, there is rationalization of wages for the employees so that there can be a universal standard in which remuneration can be looked into. For instance, without globalization of labour considered appropriately, there will be difference on how a nurse is paid in the developing countries and how the same nurse will be paid in the developed countries. Essentially, there will be a greater disparity level in terms of remuneration. This disparity level is only checked under globalization of labour. With the globalization in place, there is likely to be a standard gauge for the workers internationally because there will be comparison of wages across the nation for the sole reason of coming into standardized pay (Berberoglu 2002, p.88). III. Technological Movement and Advancement Different parts of the world are endowed with different technologies. these technologies can be regarded as static if they cannot be transferred to other parts of the world. With the movement of the human labour, it is also possible that the technology from the different parts of the world can also be transferred from one place the other. Considering a person from developing countries in Africa who has crossed to worked in one of the countries in the East as an engineer, he will acquire useful skills for the period that he/ she will be working there that can be transferred to his home country or to any other country they might opt to work into. In this sense, it is in order to perceive movement of labour across the international boundaries as a way of bringing innovation through blending of technology from different parts of the world (Dadush and Shaw, 2012). It is through the interaction of different technological advancement has been realized in the history of innovation, courtesy of free labour movement in the name of globalization. IV.