THE TRANSFORMATION OF THE LABOR MARKET IN GLOBAL TRENDS
DOI:
https://doi.org/10.58885/ijllis.v13i4.99atKeywords:
Globalization, labor market, international markets, migration, poverty, competitiveness of European Union markets, global development of developing country economies, etc.Abstract
The concept of globalization has attracted the attention of many researchers, academics, politicians, and social activists in the world. The term "globalization" has become the most frequently used in both official and unofficial international discussions regarding the interdependence of economies and nations. Globalization has evolved. Globalization has begun to be important since the end of the Cold War and has accelerated the rapid liberalization of developing economies. The process of globalization significantly impacts the labor market by advancing production techniques and information technologies. At the same time, globalization has been the subject of many controversies; it has often been considered a cause of problems, especially in less developed countries where the consequences are even more sensitive. The purpose of this study is to analyze the effects of globalization determined in the labor market, the integration of economic activities, mainly through markets, on economic and global sustainability, and competition throughout the globe. Globalization has opened up new opportunities for broad-based development around the world. However, this is not happening evenly, as some regions are integrating into the global economy faster than others, with evidence of rapid growth and reduced poverty.
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