Effects of Globalization and Trade Liberalization on Labour Market
                     EFFECTS OF GLOBALIZATION 
AND TRADE LIBERALIZATION ON 
LABOUR MARKET
WHAT IS GLOBALIZATION?
 Globalization means the speedup of movements and exchanges of human 
beings, goods, and services, capital, technologies or cultural practices all over 
the planet. 
Source: searchcio.techtarget.com
HOW GLOBALIZATION WORKS?
 Globalization is driven by the convergence of political, cultural and economic 
systems that ultimately promote and often necessitate increased interaction, 
integration and dependency amongst nations.
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LIBERALIZATIO
N
The basic aim of liberalization was to put an 
end to those restrictions which became 
hindrances in the development and growth of 
the nation. 
Source: www.toppr.com
OBJECTIVES OF 
LIBERALIZATION
• To increase competition amongst domestic 
industries.
• To encourage foreign trade with other 
countries with regulated imports and exports.
• Enhancement of foreign capital and 
technology.
• To expand global market frontiers of the 
country.
• To diminish the debt burden of the country.
Source: www.toppr.com
INDIVIDUAL LEVEL
 The individual level includes the way international influence affects ordinary 
people within a nation or region.
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COMMUNITY LEVEL
 The community level includes effects to local or regional organizations, 
businesses and economies.
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INSTITUTIONAL LEVEL
 The institutional level includes effects to multinational corporations, national 
governments and higher education institutions that have international students. 
At this level, decisions are made that affect the lower levels.
Source: searchcio.techtarget.com
ADVANTAGES OF 
GLOBALIZATION
 It can solve fundamental problems with the global economy, such as poverty 
and unemployment, by promoting a free market that benefits rich and poor 
nations alike.
 It also theoretically gives poorer countries an opportunity for economic 
development through exposure to foreign capital and tech.
Source: searchcio.techtarget.com
FUTURE OF GLOBALIZATION
 Technology advances, particularly blockchain, mobile communication and 
banking are fueling economic globalization.
Source: searchcio.techtarget.com