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How globalizations can lead to unemployment?

Economic globalization

Youth unemployment

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Globalization can lead to unemployment through various channels. Trade liberalization, as seen in , can increase competition, prompting firms to seek more skilled workers, potentially leaving unskilled workers unemployed. Additionally, economic globalization, as discussed in , can impact unemployment rates differently in various countries. While some nations experience increased unemployment due to globalization, others see a decrease. The emphasis on trade, investment, and financial openness, as highlighted in , can result in jobless growth and slower employment creation, particularly in developing countries. Therefore, the impact of globalization on unemployment is multifaceted, influenced by factors such as trade flows, FDI, remittances, and macroeconomic policies.

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Open access The Effect of Economic Globalization on Unemployment in Emerging Market Economies Ali Altiner, Eda Bozkurt, Yılmaz Toktaş - Show less +2 more 22 Oct 2018 6 Citations	Globalization can lead to unemployment in emerging market economies like Colombia, Hungary, India, Malaysia, Poland, South Africa, and Turkey due to increased economic globalization.
Open access•Posted Content The effects of globalization on job choice and unemployment under labor search friction Chihiro Inaba 01 Sep 2016-Research Papers in Economics	Globalization, through trade liberalization, can increase demand for skilled workers but not necessarily their employment, potentially leading to increased unemployment among skilled workers due to labor search friction.
Open access•Journal Article•DOI Study of Response Analysis of Youth Unemployment Rate in Economy Globalization In Asean Duwi Yunitasari 29 Dec 2022-Media Trend	Globalizations, specifically trade and financial aspects, can lead to youth unemployment. Trade globalization increases youth unemployment, while financial globalization initially reduces it in the ASEAN region.
Open access•Journal Article•DOI Globalization and Macroeconomic Instability: Evidence from Unemployment in Pakistan Amjad Ali, Zilakat khan, Sher Ali - Show less +2 more 30 Jun 2019	Globalization can lead to unemployment through its impact on trade flows, FDI flows, and remittances, affecting employment opportunities in developing countries like Pakistan.

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What are the main causes of unemployment in the world economy?5 answersUnemployment in the world economy is primarily caused by several factors. Firstly, the failure of development efforts and strict financial discipline programs exacerbate unemployment in developing countries, particularly in the Arab world. Secondly, the deregulation of global financial markets in the 1970s, followed by significant growth in short-term capital flows, has led to increased risk aversion and deflationary pressures, resulting in persistent unemployment worldwide. Thirdly, the decline in the profit rate and decreasing productivity of capital have contributed to the structural feature of unemployment in industrialized countries. Additionally, the rise of surplus populations globally, driven by a massive increase in the working population, the Green Revolution, and deindustrialization, has created a surplus of labor relative to the demand for labor, leading to a significant population of unemployed individuals. These factors have resulted in fluctuations in unemployment rates across different countries and time periods.

What is the relationship between globalization and the labor market?4 answersThe relationship between globalization and the labor market is complex and multifaceted. Globalization has led to the transformation of the labor market into a global competitive system, influenced by various factors such as demographic, transnational, scientific and technical, regional integration, and institutional and regulatory factors. The expansion of activities of multinational enterprises (MNEs) is a prominent feature of the global economy and has both positive and negative impacts on the labor market. MNEs affect the qualifications, structure, and demand of the labor market in small open economies. Global trade imbalances also play a role in shaping the adjustment dynamics in response to trade shocks, affecting labor reallocation and unemployment dynamics. Overall, globalization has significant implications for the labor market, influencing its structure, dynamics, and outcomes.

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