Globalization Impact on Job Opportunities

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This presentation approves Globalization actually helped create more job opportunities for US and worldwide.

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  • Globalization Impact on Job Opportunities

    1. 1. Team 1 Jason Brosnan Elise Dahan Yuxuan Han Hari Prasad Josyula Galina Nesterchuk Gaurang Patel
    2. 2. Benefits of Globalization <ul><li>Capital Flow-Foreign Direct Investment </li></ul>
    3. 3. Growth of US Employment and Imports, 1987–2007 Payroll Employment (millions, left axis) Imports, Goods, and Services ($billions, right axis) Sources: Economic Report of the President, 2008; Bureau of Labor Statistics; and U.S. Department of Commerce.
    4. 4. Benefits of Globalization Employment Opportunities <ul><li>Globalization creates more migrant workers </li></ul><ul><li>Higher Skilled Labor and better payment in developed countries </li></ul><ul><li>Social and economic progress </li></ul>* Where estimates were available
    5. 5. Employment in agriculture(%) Employment in industry (%) Employment in services both sexies 1996 2006* 1996 2006* 1996 2006* WORLD 41.9 36.1 -13.84% 21.1 21.9 3.79% 37 42 13.51% Developed Economies & European Union 6.2 4.2 -32.26% 28.5 24.7 -13.33% 65.3 71.2 9.04% Central & South-Eastern Europe (non-EU) 27.2 20.3 -25.37% 28.7 25.8 -10.10% 44.1 53.8 22.00% East Asia 48.5 40.9 -15.67% 24.3 25.6 5.35% 27.2 33.5 23.16% South-East Asia & the Pacific 51 45.4 -10.98% 16.5 18.6 12.73% 32.5 36 10.77% South Asia 59.7 49.4 -17.25% 15.2 21 38.16% 25.1 29.6 17.93% Latin America & the Caribbean 23.1 19.6 -15.15% 20.7 20.8 0.48% 56.1 59.6 6.24% North Africa 36.5 34.4 -5.75% 19.8 20 1.01% 43.7 45.6 4.35% Sub-Saharan Afica 74.4 65.9 -11.42% 7.5 10 33.33% 18.1 24.1 33.15% Middle East 21.2 18.1 -14.62% 25.2 25.6 1.59% 53.7 56.3 4.84% Total 389.7 334.3 -14.22% 207.5 214 3.13% 402.8 451.7 12.14%

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