How does globalization affect employment opportunities?
Globalization can create new job opportunities by opening up markets, but it can also lead to job losses in certain sectors.
Can you explain how it creates new jobs?
Sure! Globalization allows companies to expand internationally, leading to increased demand for goods and services, which can create jobs.
What about the jobs that are lost?
Jobs may be lost in industries that cannot compete with cheaper imports or due to outsourcing to countries with lower labor costs.
Is there a way to balance the benefits and drawbacks?
Yes, policies like retraining programs and support for affected workers can help balance the impacts of globalization on employment.
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