Article Sidebar
Article Details
Copyright to submitted papers when accepted is transferred to the journal, together with the associated reproduction rights. The Publisher reserves the right to alter the text to suit the journal style, particularly in terms of punctuation, spelling and usage. If submitted article contains any material whose copyright (s) are held by other parties, then the author is required to have obtained all the necessary clearances or permissions and show evidence of having done so. Such permission must be sought for citations of text more than fifty words in length, figures/illustrations and/or tables originating or derived (adapted) from other sources.
Main Article Content
The Impact Of Globalization On Advanced Economies: A Case Study Of The United States Of America
Abstract
Over the years attention of scholars has been on the impact of globalization on developing economies, yet little effort is directed to its impact on the advanced economies. Globalization from the perspective of international integration of markets for goods and technology has coincided in the past two decades with a shift in labour demand away from less-skilled workers toward those with more skills. Much of the effects of globalization have focused on the impact of imports from developing countries on wages, employment, and income inequality. However, increased capital mobility, including the outsourcing of production of low-wage countries, as well as immigration from developing countries to the advanced economies appears to have had only modest effects on labour markets in the advanced economies. Nonetheless, increased globalization can increase the sensitivity of wages and employment to external shocks and thereby contribute to increased job insecurity. The aforementioned impact of economic globalization as it affects the United States of America formed the fulcrum of discourse in this paper.
