The paper "Globalization Is in the Interest of All Workers" is a wonderful example of a literature review on management. This report is about the proposition that globalisation is in the interest of all workers. To have a better understanding of this, it is essential to give the definition of the term globalisation and what entails the interest of workers. According to Coates (2010, p. 9) globalisation is the process of integration and interaction among people, governments, and companies, a process that is driven by both international trade and investment and assisted by information technology.
The mentioned process does not only have an effect on the political, environmental and culture system but also on human physical wellbeing and economic development and prosperity all over the world. According to Bhagwati (2000, p. 12), globalization has provided and has continued to provide benefits for both countries and companies involved despite causing certain challenges to the interest of workers which can be regarded to be minimal in the labour market. The interests of workers entail better payment, good working conditions, and quality education to enable them skilled and compete favourably in the international labour market (Coates, 2010, p.
9). This report is divided into sections; the first section is an introduction which gives a brief definition of the essential terms of the proposition. The following section will discuss the main ideas supporting the argument that globalization is in the interest of all workers. It will further highlight some of the challenges caused by globalisation to workers before providing the conclusion. Let examine the key points that globalization is in the interest of all workers. Increased standards of livingAccording to Wade (2003, p.
570), globalization of states economies has resulted in the development of international businesses. Moreover, the demand for both goods and services has greatly increased an aspect that has resulted in companies venturing into other states. According to Michel Camdessus who is also the managing director of the International Monetary Fund in his 1996 report pointed out that the industries expansion has resulted into increased income an aspect that has caused improved living standards due to increased employment opportunities.
Bhagwati, J, 2004, Indefense of Globalization. New York: Oxford University Press.
Coates, J, 2010, the Future of the Workforce, Employment Relations Today, pp. 1-9
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Ha, E, 2012, Globalization, Government Ideology, and Income Inequality in Developing Countries, Journal of politics, vol. 74, no. 2, pp. 541–557
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Stiglitz, K., 2002. Globalization and its Discontents. W.W. Norten& Co. New York.
Wade, R.H, 2003, Is Globalization reducing Poverty and Inequality? World Development 32 pp567-589
Wilpert, B, 2009, Impact of globalisation on human work, Safety Science, 47, pp727-732