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1. Assignment
Course industrial relations
Lecturer sir Khalid
Topic
Globalization and
labor market.

2. Group members
• Aadan abdirahman
• Abdirsaaq Osman
• Rudwan yousuf
• Hamda abdirahman
• Samsam maxamed

3. Globalization and labor market
• Globalization has had a significant impact
on labor markets around the world. It has
transformed the way businesses operate
and how people find employment.

4. Some key points regarding globalization and
the labor market:
• Increased Labor Market Integration: Globalization
has facilitated the integration of labor markets
across countries
• Outsourcing and Offshoring: Globalization has
enabled companies to outsource and offshore
various business functions. This means that
companies can hire workers from countries with
lower labor costs to perform certain tasks.

5. cont.….
• Job Creation: Globalization has also created
new employment opportunities. The
expansion of multinational corporations into
new markets has led to the creation of jobs in
those regions.

6. some additional aspects to consider regarding
globalization and the labor market:
• 1. Global Value Chains (GVCs): Globalization has led to the
development of complex global value chains, where
production processes are fragmented and spread across
different countries. Companies often specialize in specific
stages of production and rely on inputs from various
locations. This has created interdependencies among
countries and increased the integration of their labor markets.

7. • 2. Foreign Direct Investment (FDI): Globalization
has facilitated increased foreign direct
investment, with companies establishing
operations or acquiring assets in foreign
countries. This has direct implications for the
labor market, as foreign companies bring new
employment opportunities and can introduce
new technologies and management practices. FDI
can boost productivity and create spillover
effects, benefiting local firms and workers.

8. • 3. Skills and Education: Globalization has placed
a premium on skills and education. As technology
advances and industries become more
knowledge-intensive, workers with higher levels
of education and specialized skills are in greater
demand. Global competition means that workers
need to continuously upgrade their skills to
remain competitive in the labor market.
Governments and educational institutions play a
crucial role in providing access to quality
education and training programs that align with
the needs of the global economy.

9. Global Competition and Innovation
• 1. Global Competition and Innovation:
Globalization has intensified competition among
companies on a global scale. To remain
competitive, companies strive to innovate and
improve their products, services, and production
processes. This drive for innovation can lead to
the creation of new jobs and industries, as well as
the transformation of existing ones.

10. • 2. Gig Economy and Platform Work: Globalization
has contributed to the growth of the gig economy
and platform work. Digital platforms connect
workers with short-term, project-based, or on-
demand work opportunities across borders.
Workers can provide services remotely or engage
in tasks such as ride-sharing, food delivery, or
freelance work through platforms.

11. • 3. International Labor Mobility and Skills
Transfer: Globalization has facilitated the
movement of workers across borders, not only
through labor migration but also through
temporary work assignments, international
collaborations, and knowledge exchange. This
international labor mobility can lead to the
transfer of skills, knowledge, and best practices
across countries.

12. How does globalization affect labor
market?
• One of the benefits of globalization is
that more workers are able to compete within
the labor market as a whole. In general, this
competition is beneficial for everyone, since it
provides the opportunity for people to work
and for employers to keep costs low by
utilizing a large labor pool.

13. Factors That Affect the Labor Market?
• Labor supply and demand.
• Economic regeneration initiatives.
• Minimum wage policies.
• Education and instructional programs, and.
• Working populace.

14. Factors That Have Contributed to
Globalization
• Containerization. The costs of ocean shipping have come down, due
to containerization, bulk shipping, and other efficiencies.
• Technological change
• Economies of scale.
• Differences in tax systems.
• Less protectionism. .
• Growth Strategies of Transnational and Multinational Companies.

15. factors encouraging globalization?
• These factors include: the digital revolution;
international economic integration; socio-
cultural convergence; global education
providers; cross-border political influence;
financial liberalization; intense competition;
increased international business and trade;
and the need for economies of scale.

16. Reference
• A I
• Iqualifyuk.com
• Carnegieendowment.gov