1. Name: Nguyen Do Thuy Nhi
Student ID: BABAIU11051
Class: Writiing AE2- Wednesday morning
Considered to be one of the most important factors that contribute to the major
impacts on the economy of developing countries, globalization reflects it role most
transparently through its effects on employment of these countries. Although
globalization seem to be the ideal way for developing countries to improve their
employment status, it still can cause many disadvantages on this field of economy.
Generally, globalization is a abstract word which has no clearly meaning because
of its copious involvement in many terms of the worldwide situation. Acording to O’
Brien, R.1992 book “The Global Financial Integration: The End of Geography”, the
definition of globalization is linked to geographical border. More specifically,
globalization occurs when people can conduct international transaction in the same
country. In fact, O’Brien’s definition of globalization just partly expressed the meaning
of globalization, which refers to the increasingly global relationships of culture, people,
and economic activities. Through diminishing of trade barriers such as tariffs, export fees
and import quotas, in conjunction with stimulating people to implementing the principle
of comparative advantage globalization brings many countries to the global distribution
of commodity as well as contributes substantially to economic growth.
Because of the dramatic impacts on countries, especially the developing ones,
there is no question that globalization affects the employment of developing countries a
lot. On the bright side, globalization helps create more jobs for developing countries by
gaining more labour requirement from developed countries enterprises. Besides the
increasing in the number of jobs, the structure of jobs also change due to the new
standards that must be set up for highly competitive market. More and more highly-
skilled and professional qualifications is required for one specialized job; consequently,
the workforce in developing countries is becoming better qualified and increasingly
engaging in more sophisticated, service-oriented activities. Incomes are also increased to
stimulate the workers to work harder in order that they can provide the manufacturers
with the best productivity, which is considered to be the strategic factor that has to be
improved to remain their competitive position in the global market. Generally,
globalization makes the employment status of a developing country better through the
way it increases the number of professional jobs, incomes and chances for workers to
acquire new potential skills of their jobs.

2. Globalization not only gains more opportunities for developing countries to fully
develop their employment but also damage it a lot. The most obvious consequence of
globalization is that it make many local people in developing countries lose jobs because
they do not have enough qualifications to satisfy the global job’s requirements. As a
result, more people from foreign countries, who have been highly trained and posess
enough technical knowledge, will sought for the chance to work in the new economy of
developing countries, that desires a huge amount of labour, and eliminate the current
workers out of the enterprises. Consequently, if the local goverments wants to maintain
their resident jobs, they have to decrease the minimum wage law in order that the local
worker can be hired thanks to the reduction in labour costing for foreign company. The
low wage, in turn, diminish the local workers’ living standard, which leads them to go
abroad to improve their careers as well as incomes and finally causes “brain drain” in
most developing countries. Continuously, globalization cause a vicious circle of
tremendous effects on employment of developing countries.
In summation, it is essential to realize that, besides many wonderful
opportunities, globalization also bring many undesired impact on employment for
developing countries. In order to fully control the employment effects of globalization on
developing countries, the only way is that the goverment should examine this problem
carefully so that they can enforce the best suitalble policies for their countries.