How Does Globalization Impact Labor Standards and Working Conditions?. 

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How Does Globalization Impact Labor Standards and Working Conditions?

What is Globalization?. Globalization is the process of international integration through the aspects of financial products, goods, technology, information, and labor across the borders Globalization improves the interaction between people, companies, workers, and governments throughout the world. 

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Globalization is the process of international integration through the aspects of financial products, goods, technology, information, and labor across the borders
 Globalization improves the interaction between people, companies, workers, and governments throughout the world

What are the Benefits of Globalization?. Globalization gives new trading opportunities to countries. This allows business to have access to cheaper imported goods Promotes free trade that can lead to increase competition between countries that adopt a comparative advantage Globalization improves economic growth because of the increase of labor and raw material Globalization creates job opportunities for developing countries that benefit from businesses who outsource their labor. 

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Globalization gives new trading opportunities to countries.  This allows business to have access to cheaper imported goods
 Promotes free trade that can lead to increase competition between countries that adopt a comparative advantage
 Globalization improves economic growth because of the increase of labor and raw material
 Globalization creates job opportunities for developing countries that benefit from businesses who outsource their labor

What are the Disadvantages of Globalization?. Causes job displacement in industrialized economies such as manufacturing jobs Exploits workers from developing countries through cheap labor markets Increases wage inequality by importing low skilled workers from developing countries and the unequal distribution of wealth within a country. 

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What are the Disadvantages of Globalization?

Causes job displacement in industrialized economies such as manufacturing jobs

 Exploits workers from developing countries through cheap labor markets 

 Increases wage inequality by importing low skilled workers from developing countries and the unequal distribution of wealth within a country

What are the Effects of Globalization in the U.S. Economy?. 

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What are the Effects of Globalization in the U.S. Economy?

Globalization can lead to job displacement for workers in manufacturing jobs because of the businesses who offshore their labor production Roughly 156, 250 manufacturing sector jobs were lost annually between 2001 to 20016 from trade expansion in manufactured goods (PIIE, 2024). Globalization increases gross domestic output (GDP) From 1947 to 2018, globalization added $2.2 trillion–$4.0 trillion to the US GDP, or 11%–19% of 2018 GDP of $20.5 trillion. (Petri, 2020)

Petri A. Peter, "The Economic Consequences of Globalization in the United States." ERIA Discussion Paper Series. Brandeis University. Published in January 2020.

Kolb, Melina et al.“What is Globalization?” Peterson Institute For International Economics. Published October 29, 2018. https://www.piie.com/microsites/globalization/what-is-globalization?gad_source=1&gclid=CjwKCAjwx4O4BhAnEiwA42SbVKcxfQGdNayX4bh5sif57i2djjIbGNxutcHZYs5nsgc73-ktH_D9mhoCj8oQAvD_BwE

How Does Globalization Impact Labor Standards?. Labor standards are regulations that set up minimum requirements for wages, hours, and working conditions Globalization has led to the development of the International Labor Standards to be introduced in some countries Some countries may lower their labor standards because of the demand for low wage workers Developing countries may not enforce regulations or labor laws According to the 2018 International Trade Union Confederation, 86% of countries excluded workers from labor laws.. 

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How Does Globalization Impact Labor Standards?

Labor standards are regulations that set up minimum requirements for wages, hours, and working conditions Globalization has led to the development of the International Labor Standards to be introduced in some countries Some countries may lower their labor standards because of the demand for low wage workers Developing countries may not enforce regulations or labor laws   According to the 2018 International Trade Union Confederation, 86% of countries excluded workers from labor laws.

Burrow, Sharon. "2018 ITUC Global Rights Index: The World's Worst Countries for Workers." The International Trade Union Confederation. ITC CSI IGB. 2018. https://www.ituc-csi.org/IMG/pdf/ituc-global-rights-index-2018-en-final-2.pdf

International Labor Standards. The International Labor Standards was established by the International Labor Organization to create basic human rights and principles at a workplace Fundamentals of ILS: Freedom of association, the right to collective bargain, elimination of child labor, elimination of forced labor, elimination of discrimination in employment, and to provide a safe working environment. Countries can ratify International Labor Standards conventions or they can use their standards as a basis for labor laws The International Labor Organization has 187 member states. 

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The International Labor Standards was established by the International Labor Organization to create basic human rights and principles at a workplace Fundamentals of ILS:  Freedom of association, the right to collective bargain, elimination of child labor, elimination of forced labor, elimination of discrimination in employment, and to provide a safe working environment.  Countries can ratify International Labor Standards conventions or they can use their standards as a basis for labor laws The International Labor Organization has 187 member states

What are the Effects of Working Conditions in a Global Economy?. 

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What are the Effects of Working Conditions in a Global Economy?

In a global economy, poor working conditions is a challenge that occurs in countries with weak labor regulations and labor laws Poor working conditions can lead to unsafe working conditions, workplace violence, the ability to be fired without any notice, long hours, and child labor According to a 2021 report from the International Labor Organization, “The number of children working in child labor has increased by 8.4 million in the last four years to 160 million worldwide” (International Labor Organization, 2021).

“Child Labor.” Facts and Figures in the World.” International Labor Organization. ILO. .https://www.ilo.org/projects-and-partnerships/projects/child-labour#:~:text=A%20total%20of%20160%20million,slowed%20during%202012%20to%202016

ThePhoto by PhotoAuthor is licensed under CCYYSA.

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Worker Exploitation in Globalization. Worker exploitation is the abuse of workers for profit in the form of unfair pay, being forced to work long hours, and poor working conditions that may be dangerous to workers Migrant workers, women, and children are susceptible to worker exploitation in developing countries Companies may seek to lower production cost, which can contribute to worker exploitation in developing countries According to an article "Profits and Poverty: The Economics of Forced Labor", at 15.1 million people Asia and Pacific countries had the highest number of people living in forced labor in 2021(International Labor Organization, 2024).. 

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Worker exploitation is the abuse of workers for profit in the form of unfair pay, being forced to work long hours, and poor working conditions that may be dangerous to workers Migrant workers, women, and children are susceptible to worker exploitation in developing countries Companies may seek to lower production cost, which can contribute to worker exploitation in developing countries According to an article "Profits and Poverty: The Economics of Forced Labor", at 15.1 million people Asia and Pacific countries had the highest number of people living in forced labor in 2021(International Labor Organization, 2024).

ILO."Profits and Proverty: The Economics of Forced Labor." Second Edition, Geneva: International Labor Office, 2024.

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How will Globalization Change in the Future?

Globalization will continue to introduce new technology that can lead to new innovations, products, and services The rapid change of technology and automation means that employers may need to update their training and skills to keep up with the global economy Globalization will continue to see countries like China, Indonesia, and Africa play a significant role in global trade Countries may shift towards trading in within geographic regions based on similar economic interests

Conclusion. Although globalization is a complex subject, it has both a positive and negative impact towards labor standards and the working conditions towards the global economy Globalization allows companies to outsource their operations to other countries at a low opportunity cost which increases economic growth and its labor market However, globalization can lead to job displacement in advance economies Developing countries often face worker exploitation, poor working conditions, and income inequality The International Labor Organization introduces basic human rights and principles that addresses the challenges of globalization. 

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Although globalization is a complex subject, it has both a positive and negative impact towards labor standards and the working conditions towards the global economy Globalization allows companies to outsource their operations to other countries at a low opportunity cost which increases economic growth and its labor market However, globalization can lead to job displacement in advance economies Developing countries often face worker exploitation, poor working conditions, and income inequality  The International Labor Organization introduces basic human rights and principles that addresses the challenges of globalization


How Does Globalization Impact Labor Standards and Working Conditions? 

 Kolb, Melina et al.“What is Globalization?” Peterson Institute For International Economics. Published October 29, 2018. https://www.piie.com/microsites/globalization/what-is-globalization?gad_source=1&gclid=CjwKCAjwx4O4BhAnEiwA42SbVKcxfQGdNayX4bh5sif57i2djjIbGNxutcHZYs5nsgc73-ktH_D9mhoCj8oQAvD_BwE 

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  “Child Labor.” Facts and Figures in the World.” International Labor Organization. ILO. .https://www.ilo.org/projects-and-partnerships/projects/child-labour#:~:text=A%20total%20of%20160%20million,slowed%20during%202012%20to%202016