StudentShare
Contact Us
Sign In / Sign Up for FREE
Search
Go to advanced search...

The impact of globalization and multinational companies on labour markets - Essay Example

Cite this document
Summary
Over the years, we have moved from agriculture to industrialization and industrialization to multinationalism. Since the millennium, we have entered the era of globalization. In fact, globalization…
Download full paper File format: .doc, available for editing
GRAB THE BEST PAPER92.7% of users find it useful
The impact of globalization and multinational companies on labour markets
Read Text Preview

Extract of sample "The impact of globalization and multinational companies on labour markets"

Download file to see previous pages

Due to the rapid improvements on communications technology, economic freedom and the continuous promotion of trade liberalization2 (World Trade Organization 2008), modern business trend has gradually shifted from multinationalism to globalization. It is also crucial for businesses today to actively participate in the trading of goods and services in the world market. In reality, globalization is not only focused on the continuous global movements of goods and services from one country to another but also the global traffic of human resources3 (Steger 2003, p. 37). With regards to the large supply of available work force in the labour market, a lot of medium- and large-scale businesses have been taking advantage of the opportunity to hire competitive employees at a minimum wage.

To enable the readers to fully understand the impact of globalization and multinational companies on labour market, the definition and main purpose of globalization will first be provided. In response to globalization, the impact and some of the common HR strategies used by multinational companies in response to globalization will be identified and thoroughly discussed. Eventually, ways on how globalization and the HR strategies used by most multinational companies trigger either positive or negative impact over the labour market will be identified.

To enable us to maximize the positive impact of globalization on labour market, recommended solutions on how we can effectively counteract the negative impact of globalization and ways in which most multinational companies are currently treating employees will be provided. Globalization is “a process of interaction and integration among people, companies, and governments of different countries which is driven by international trade and investment through the use of information technology”4 (The Levin Institute 2008).

Basically, globalization allows business people to maximize their available financial

...Download file to see next pages Read More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“The impact of globalization and multinational companies on labour Essay”, n.d.)
The impact of globalization and multinational companies on labour Essay. Retrieved from https://studentshare.org/miscellaneous/1566768-the-impact-of-globalization-and-multinational-companies-on-labour-markets
(The Impact of Globalization and Multinational Companies on Labour Essay)
The Impact of Globalization and Multinational Companies on Labour Essay. https://studentshare.org/miscellaneous/1566768-the-impact-of-globalization-and-multinational-companies-on-labour-markets.
“The Impact of Globalization and Multinational Companies on Labour Essay”, n.d. https://studentshare.org/miscellaneous/1566768-the-impact-of-globalization-and-multinational-companies-on-labour-markets.
  • Cited: 0 times

CHECK THESE SAMPLES OF The impact of globalization and multinational companies on labour markets

The Role Transnational And Multinational Companies Have Played On Globalization

The writer of the essay "The Role Transnational and multinational companies Have Played On Globalization" suggests that Multinational and transnational companies entering into new markets can have both positive and negative impacts on local economies.... The role transnational and multinational companies have played on Globalization Globalization has accelerated in recent years, a development that has significant implications for the regulation and governance of international business, trade and investment....
2 Pages (500 words) Essay

Business Ethic and Nike Company

The controversy was nicknamed Nike's sweatshop as it pertained to the offshore production houses of the company which was alleged to have poor labour practices and exploitation of manpower.... It expanded to accommodate globalization while it contracted in the sense of removing geographical barriers as the evolution of communication framework connected the… These advancements particularly benefitted the way people conducted business and facilitated commerce....
11 Pages (2750 words) Essay

Globalization and Impact on Companies

However, with business expansion in the foreign markets, the degree of complexity has also significantly increased.... Human resource (HR) management becomes highly complex for the company's that operates across different markets.... Lesser diversity in organizations lowers its business efficiency (International labour Organisation, 2004).... If the geographical spread is diversified, then the companies entail less product diversity....
7 Pages (1750 words) Essay

Sustainable Consumption

The entire process of globalization has become cheaper, faster and deeper in the recent past (Daly, 2013).... The fresh wave of globalization is driven by policies that have opened the economies internationally and domestically.... nbsp;  Globalization is a process of integration among people, governments and companies through the mode of international trade, which is aided by the information technology.... hellip; The concept of global marketing is described in details through the proper explanation of various topics such as globalization, the role of World Trade Organisation (WTO) in international trade, the effect of culture on consumer behavior and the difference in the way multinationals in the developed and emerging economies operate....
17 Pages (4250 words) Essay

Industrial Relations in Asia-Pacific Region

The present research paper "Industrial Relations in Asia-Pacific Region" tried to analyze the impact of multinational firms on these markets of China and Indonesia.... However, these firms generate positive as well as negative impacts over the local labor markets, through wage, export and productivity spillover effects.... These responses can affect the local labor markets positively or adversely.... Flexible labor markets accompanied by low welfare costs are the primary symbols of economic growth in a nation....
12 Pages (3000 words) Research Paper

Effects of Globalization of the Economy

Globalization has been caused by the reduced barriers between countries thereby allowing world countries to… The power of globalization on the global economy has been one of the widely discussed and researched subjects.... Despite the known advantages of globalization, this trend has also been opposed due to the negative consequences that it has on the world economy.... The first advantage of globalization on the economy is that this trend results in the creation of global markets....
6 Pages (1500 words) Essay

Globalization and Its Effects on Multinational Companies

This paper "Globalization and Its Effects on multinational companies" discusses globalization and its effects on multinationals with Apple being a case study in the latter discussion.... One important aspect of globalization is that of integration where, while economies in the past were mostly 'self-contained' and export and imports occurred almost co-incidentally, economies today are more closely dependent on one another for markets and raw material (Dunning, 2012: p34)....
6 Pages (1500 words) Term Paper

Impact of Globalization

The present essay "impact of globalization" deals with the influence of globalization on private and public sector organizations.... Also, because of globalization, most firms were able to launch their products worldwide in a bid to make huge profits.... nbsp;… Most countries have opened their markets to new international competition regardless of the development status of these countries.... The fact that governments are put in a situation whereby they must choose between a number of different companies from different countries is seen to be insinuating that there would be bad relations with corporations that are not chosen....
7 Pages (1750 words) Essay
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Contact Us