Globalization & Development of economies Essay

Globalization has been perceived as a serious factor in the development of economies, technological advancements as well as sociological and policy-making development. However, not everyone gains from these benefits. Instead, other nations in particular the ontogeny states are subjected to the dangerous nitty-grittys of globalization. The truth ab let out globalization is while the benefits may be enjoyed by a few soul states, the negative impacts of globalization are felt by whole the nations in the world.Globalization and the associated changes in the kind puzzle out organization has led to a creation of economic systems where various corporations are increasingly moving around the world to find the cheapest labor possible. A good example is out the trend of outsourcing, which is quite common in the modern world of business. tatty labor in this context is reproduced through political, social, technological and economic nub which allows corporations to pay extremely low payoff to the workers. Globalization has led to a number of technological innovations and technology has played a pivotal intention in the reshaping of the social organization of work.The introduction of computers and information technologies has greatly changed the work setting. For instance, the shift from demands for animal(prenominal) work to mental, intellective operations and information handling has substituted the skills of all collar workers. This has reshaped the social organization of work. The overall effect of such changes is the lessening of employment and the eventual reduction in the wage levels among the workers performing physical work. The social organization changes of capitalism work intensified the effect of globalization and affected how employment and labor relationship is regulated.This has mainly been seen through the intensification of erudition and cross-border mergers where companies value the importance of mergers and acquisitions in order to incr ease the strength of business. thither has also been a pronounced trend of the global corporations of transforming themselves into organizers and coordinators of activities performed by suppliers, contractors and sub-contractors. This has had a significant effect to the regulation of employment and labor relationship take to the production of cheap labor.Through globalization, employers can easily subcontract and source cheap labor from different states which further allows global corporate to bring outside and reduce the costs that are incurred from employing directly. Outsourcing of labor makes the employers to pay low wages since they can choose to employ from states where cheap labor is readily available. The political instability, poor living standards and poorly developed economies in developing states have all contributed to the reproduction of cheap labor and global corporations are victorious advantage of this.In order to avoid further tearing of the social fabric cause d by globalization, consumers and /or producers of cheap labor should devise machineries to digest salient working conditions with improved wage levels. This can be achieved by setting the international wage minimums that will prevent the overexploitation of workers from the developing countries. All workers with similar qualifications should earn on the basis of a integrated wage rate. The increased acquisition and merging of companies can be beneficial as it increases the strength of business in a synergistic manner.However, agreements should scratch be made to integrate the social values of each caller-up and respect the rights of employees of each of the merged companies. Through this, the benefits of globalization can be reaped by both the developing and the developed states or the producers and consumers of labor. Reference Amin, M. (2009). The effect of globalization, labor fexibilization and national industrial relations systems on human mental imagery management. Inter national Business Research. 2(4), 36-45. http//www. ccsenet. org/journal/index. php/ibr/article/viewFile/3910/3434