How does globalization impact employment?
An example of an AI chatbot conversation about globalization's effects on jobs.
How does globalization impact employment?
Globalization affects employment by creating new job opportunities in some sectors while leading to job losses in others.
Can you explain how it creates new jobs?
Sure! Globalization can lead to job creation through increased trade, foreign investment, and the expansion of markets.
What about the job losses? Which sectors are most affected?
Job losses often occur in manufacturing and low-skilled sectors, as companies may relocate to countries with cheaper labor.
Are there any positive effects on workers in developed countries?
Yes, globalization can lead to higher wages and better job opportunities in high-skilled sectors in developed countries.
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