| It is a well-known fact that globalization increases | | | | processes and outsourcing certainly changed the way |
| productivity and life standards. There are a lot of | | | | how business is being done. However, it is not only |
| advantages which causes business owners to work | | | | these factors which contribute to the unemployment |
| on the goal of expanding the business overseas. | | | | rate. The biggest contributor to unemployment is |
| While this is proving to be beneficial to countries | | | | companies who close down because of the recession. |
| where products and services are being exported to, | | | | The increase in number of small businesses helps |
| the concern grows for locals. This concern is largely | | | | alleviate the unemployment rate and if these small |
| focused on that fact that the unemployment rate | | | | businesses go global or outsource some of their |
| continues to rise thereby giving the impression that | | | | services, it does not necessarily mean that there |
| globalization is one of the causes. | | | | would not be jobs for locals. Some might argue that |
| It is true that because of the economic downturn, | | | | globalization and outsourcing may mean a lesser |
| most businesses are looking to outsource services to | | | | demand for workers. This is called structural |
| take advantage of lower labor costs in developing | | | | unemployment and even when the economy was |
| countries. Outsourcing has been a hot debate topic | | | | doing better than it is today, this still happens but it |
| ever since its inception. The main idea is that the local | | | | doesn't warrant a rise in unemployment. Globalization |
| economy suffers since the jobs are handed over to | | | | proves to be more beneficial than harmful apart from |
| other countries instead of their own. | | | | some of its disadvantages. The trick is to change it |
| Globalization is responsible for modernizing business | | | | to work, rather than against, your business. |