Impact of Globalization

Socio-Economic Impact of Globalization

Executive summary

The economic effects of globalization remain a subject of much controversy in the United

States and all over the world. Although studies have been conducted on the globalization

phenomenon, limited research exists on U.S. workers impacted by globalization. This

study examined the economic impact of globalization on the standard of living of U.S.

workers. A correlational design was used to establish the relationship between variables.

The findings showed a positive and significant correlation between globalization and

gross domestic product, indicating better quality of life for workers. Additionally,

although results indicated a positive relationship between unemployment rate and

outsourcing, U.S. workers benefitted tremendously from direct foreign investments. Jobs

lost due to outsourcing were typically non-skilled, which were compensated for by highpaying

skilled jobs from foreign direct investments into the United States relative to

lower wages by locally owned companies. In the end, the benefits of globalization

outweigh inherent challenges. The study provided information that brings more clarity on

the existing passionate debates on globalization.

Socio-Economic Impact of Globalization

  Introduction

The inset in globalization has profoundly changed the economic structure of the region. One of the biggest changes relates to labor markets, especially the loss of importance of the state as a generator of jobs and employment flexibility. The consequences of these changes are manifested in increased labor exclusion, an increasing flow of migrants in search of employment opportunities, deepening inequality and persistence in the levels of poverty and extreme poverty. The state has responded with policies targeting social spending, especially in terms of income subsidies and access to services.

Changes in the labor market in Central America reflected a double way. On the one hand, it is possible to study the prevalence of trends towards labor exclusion and its effects, through topics such as public employment crisis, precarious wage relations (labor deregulation, businesses and easing, crisis of collective action workers, unemployment, international labor migration, entrepreneurship and economy of exclusion), on the other hand, it is necessary to know the dynamic effects in terms of inclusion, the issue of employability and multiple scenarios.

The most important impact of transnational migration in Central America are associated with emigration to the United States. But there are other migration processes with different expressions and consequences on the socio-economic, cultural and territorial policy in the region. Apart from internal migration flows are migrants from neighboring countries. The work done describes and explains the various expressions of migration, labor migration and labor markets, transnationalized communities, training of border areas and the impact of immigration on the host societies.

Globalization in world politics

Several definitions have tried to give over previous articles on the concept of globalization. But I realize that this concept is broad and diverse. Whenever I try to define it, or to look your best meaning, I find the following: Process intensification of interconnections between different sectors within the global stage, so that the events that occur on one side of the world and affect influence places far from it. These events may be economic, political, social and cultural.    

A different process of capital accumulation (last stage of capitalism), where multinationals increasingly concentrated ...