Impacts of Globalization on the govenrment and labor

• Enumerate the Positive impacts of Globalization on the Government

  1. Increased economic development
  2. Expanded infrastructure
  3. Transfer of modern management techniques
  4. Greater interdependence among business partners
• Enumerate the negative impacts of globalization on the government

  1. MNC power increased
  2. MNCs externalize cost to countries
  3. Competition results in too many concessions
  4. MNCs influence local policies
  5. Companies incorporate in low tax countries
  6. Pressure to reduce social benefits
• Enumerate the Positive impacts on globalization on the labor force

  1. Increased job opportunities
  2. Upgraded education system
  3. Increased training
• Enumerate the negative impacts of globalization on the labor force

  1. Job displacement
  2. Loss of industries or economic groups
  3. Lowered labor standards
  4. Downward wage pressure
  5. Decreased union power
  6. Diminished social contract