How has globalization affected job prospects for individuals

Reference no: EM133318725

Analyze the individual response in accordance with economic terms and how it relates to economics.

1. How has globalization affected job prospects for individuals? (b)Do you believe it has a positive or negative effect on countries around the world?

Response

I think that globalization allows for products to move seamlessly and not labour and I think that with technology and remote work you can work from anywhere so that can have the potential to spread jobs across the world but with other jobs it may be harder to have employees from all over. (b) I think it depends on the country which affects the job prospects differently. Positive effects on countries that can employ people in that country and negative impacts where jobs are being outsourced to other countries with lower wages which can potentially increase poverty.

2. How has globalization affected the supply chain?

Reference no: EM133318725

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