Theoretical and Applied Economics
No. 3 / 2023 (636), Autumn
The impact of globalization on labour market specially focusing on wage inequality and job displacement. A theoretical analysis
Banaras Hindu University, India
Abstract. The paper analyses the impact of globalization on the labour market, with a specific focus on wage inequality and job displacement. Globalization increases competitiveness, which breeds income inequality and job relocation. Technological change has resulted in a widespread shift in labour demand, favouring skilled workers at the expense of less skilled ones. Around the world, significant numbers of jobs have been eliminated due to cyclical downturns as well as structural changes brought on by changes in consumer demand, trade patterns, technology change, etc. Loss of employment has a detrimental effect on morality, consumption and health. Understanding the advantages and downsides of prospective public policy responses in the context of these consequences is essential. The paper also addresses potential strategies to deal with the challenges it brings. By throwing light on these concerns, the study aims to enhance a better understanding of the effects of globalization on the labour market and provide information for policy discussions aimed at creating a more equitable and sustainable future for workers.
Keywords: globalization, wage inequality, job displacement, labour market.
Contents
- The economics and evolution of heroic behavior
Daniel FARHAT
- Financial contagion and identifying speculative frenzies:
Unraveling price bubbles in cryptocurrency markets
Nora CHIRIȚĂ
Camelia DELCEA
Ionuț NICA
Simona-Liliana CRĂCIUNESCU (PARAMON)
Ștefan-Andrei IONESCU
- Comparative study on the legislative framework
for attracting FDI in Romania
Constantin ANGHELACHE
Ștefan Virgil IACOB
Alexandra PETRE
Cristian OLTEANU
- Macroeconomic determinants of economic growth.
An international perspective
Yashasvi PANDEY
C.R. BISHNOI
- Analysing the interrelationship
between Bitcoin price and it’s energy consumption
Neha SETH
Kirti JAIN
- Comparative study on the global performance of companies with foreign capital
and those with Romanian capital
Mădălina-Gabriela ANGHEL
Denis-Arthur STRIJEK
Marius-Cristian RĂDUȚ
- A proposal for modified human development
index for BRICS countries.
A holistic approach towards sustainable
human development
Bhawna MUDGAL
Hemlata MANGLANI
- The effect of overconfidence behaviour
on stock market volatility in Belgium
Kouamé Marcel ANZIAN
Paul Vivien OYIBO
Koffi Mouroufie Emmanuel DJEBAN
Ebi Georges FOSSOU
- The impact of the economic policy uncertainty
and geopolitical risks on tourism demand of Mexico
Veli YILANCI
Sertaç HOPOĞLU
Hakan ERYÜZLÜ
- Credit, housing prices, expectations, and the macroeconomy.
Evidence from developed and developing countries
Priti Mendiratta ARORA
Hema KAPUR
Ananya Ghosh DASTIDAR
- Competition policies and legislation regarding
the European-Asian economic corridors
Rareș-Mihai NIȚU
- Modern leadership communication
and strategic lobbying
Dumitru Alexandru BODISLAV
Raluca Iuliana GEORGESCU
Ionuț-Valeriu ANDREI
Dan Cezar OSICEANU
- Determinants of foreign capital inflows.
The role of push versus pull factors
Ramesh BOMMADEVARA
Sri Ram PADYALA
- Are stock markets of emerging economies
informationally efficient?
Causal analysis of stock prices and macroeconomic variables
of EM7 economies for the recent decade
Mearaj-ud-Din DAR
Khursheed Ahmad BUTT
- The impact of management accounting practices:
Comparative analysis study between Jordan and Romania
Omar ALHATO
- The economic vision of artificial intelligence's (AI) efficiency
Andrei Bogdan Decebal DIACONU
- Impact of FDI and energy consumption
on the agricultural productivity of BRICS nations
Sanjay Kumar PATEL
Devashish JOSHI
- Re-visiting exchange rate volatility – risk perception relation.
New evidence from Fourier tests
Selim KAYHAN
Tayfur BAYAT