The United States, France, Germany, and postwar Japan all experienced a common phenomenon; as their manufacturing-based economies matured, they became more diversified and increasingly gravitated towards knowledge-based economies built on services for both their domestic populations and their national audience

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DQ1

The United States, France, Germany, and postwar Japan all experienced a common phenomenon; as their manufacturing-based economies matured, they became more diversified and increasingly gravitated towards knowledge-based economies built on services for both their domestic populations and their national audience. In fact, some of the most important companies in the global economy, such as Microsoft, IBM, Siemens, and Unilever are as much known for their intellectual services as they are known for their manufacturing prowess. Indeed, most economists agree that as manufacturing-based economies begin to mature, they necessarily diversify and increasingly require a higher skilled and educated workforce prepared to meet the demands of a global marketplace.

Thus, developing nations such as China, Vietnam, and India are in many ways at a crossroads: they continue to dominate global manufacturing, yet must position itself in such a way for the inevitable transition to a knowledge-based economy. This, of course, produces very serious questions about what will happen when that transition occurs. Think for a moment about the sort of challenges developing nations will experience as its economy matures. Be sure to consider the following questions as they relate to organized labor: how will social stability be affected by a transition from a manufacturing to a service-based economy? What political pressures will organized labor face if and when this transition occurs? To what degree, if any, should other global economic powers (e.g., USA, EU, Japan, APEC) play in helping developing nations be more embracing of organized labor?

DQ2

The rise of MNCs has been well documented in both the popular media and scholarly articles over the last 20 years. From global standouts such as Sony, Samsung, and Toyota to emerging companies in Southeast Asia and — especially – the People’s Republic of China, it seems as though nothing is stopping MNCs from expanding its reach to more customers and greater markets.

However, as much of the industrialized world recognized in painful economic slowdowns, the dizzying heights of economic prosperity can suddenly and without advance warning come to a crashing halt due to economic and geopolitical forces, leaving millions of workers, communities, and government treasuries in dire straits.

As we conclude our discussions in this course, can you speculate on parts of the global economy that stand out both positively and negatively? What are the greatest threats to the global worker? How can – or should – organized labor collaborate across borders to address those threats? How can organized labor seek to work with developing nations in growing their economies and expanding the reach of prosperity to millions of citizens while protecting the basic human rights of workers?

DQ3

Your team should create a PowerPoint presentation based on your final research paper. The presentation should have an introduction page as well as a reference page at the end. There should be 10 slides that cover content. Designate a team member to upload the team’s PowerPoint presentation in the appropriate content in Week 7. Don’t worry if the presentation is not finalized. This is the opportunity for other classmates to provide feedback to help with the final paper and your presentation. Each team member should have an initial posting introducing the aspect of the PowerPoint (i.e. each team member should have an initial posting on some highlighted aspect of the PowerPoint presentation) he or she created. Then, provide a critique to at least two of the other group PowerPoint presentations. Also, make sure your team’s PowerPoint Presentation (finalized) is uploaded in the appropriate assignment.

R1

Economic growth and development requires more prominent admittance to worldwide business sectors, while agricultural nations face many difficulties as far as exchange advancement. That is the reason the vast majority of the nations depending on normal pay sources have not had the option to work on their markers of monetary intricacy and high innovation usage. The motivation behind this review was to examine the effect of exchange progression on the monetary intricacy as a technique embraced by the Middle East creating economies during the period 2002–2017; utilizing the board vector auto relapse model (PVAR). Quick response test results show that, over a time of 10 years, financial intricacy increments with positive shock from factors of exchange opportunity, unfamiliar direct venture and gross fixed capital arrangement, however over the long haul, the impact of imports of moderate and capital merchandise is at first expanding and, after a brief period, has a positive descending impact. As a general rule, the consequences of this review suggest that; to accomplish an appropriate portion of commodity incomes in monetary development, the Middle East nations need to reinforce the unfamiliar exchange economy through exchange advancement and experience the effect of imports of medium and last capital products, gross capital arrangement, and unfamiliar direct interest in the list of financial intricacy.

References

Fossum, J. A. (2015). Labor relations: Development, structure, process. McGraw-Hill Education.

R2

The transition from manufacturing-based to service-based markets will have an effect on the social stability of a specific country because it will provide its residents the option to engage in local marketing. This change will have an influence on the social stability of the nation. It made it possible for people to focus on business in the immediate area, which had a positive effect on the economy of the selected region. As a consequence of this, the people who live in the area have a propensity to lead lives that are more pleasant, and the majority of them are self-sufficient, which contributes to an increase in the level of social cohesion. As a direct result of the transition, a steady flow of revenue has been generated, which has led to an increase in the general welfare of the population. Furthermore, as a direct result of the transition, a large number of people have found employment in the businesses that have recently transitioned.

After the transition from manufacturing to service-based businesses, the organized labour force will be subject to intense political pressures as the government bodies of the nation start to become involved in the newly formed service-based industries. This will happen after the shift from manufacturing to service-based businesses. The government has to start regulating newly established services in order to exert some degree of control over the expansion of these businesses in a manageable manner. The government will exert pressure on organized labour in an effort to coerce it into establishing an open channel of communication with companies in order to protect the rights of recently recruited workers and exercise more control over the hiring procedures of service-based enterprises. In order to ensure that these highly trained workers have access to the services they need, the government will put pressure on the labour force to make use of those with the necessary qualifications. As a consequence of this, companies are under increasing amounts of pressure to recruit employees who have sophisticated technical training. This is mostly done in order to avoid offering erroneous services to clients.

Powerhouse countries with robust economies may be in a position to help emerging nations in the process of introducing the use of organized labour if they provide training on how to construct a well-organized labour force that can represent the demands of all employees. In addition, the populations of these industrialized countries may teach those living in developing nations the need of organizing labour unions in service-based firms.

References

Jetter, Michael; Laudage, Sabine; Stadelmann, David (2019). “The Intimate Link Between Income Levels and Life Expectancy: Global Evidence from 213 Years*”. Social Science Quarterly. 100 (4): 1387–1403. doi:10.1111/ssqu.12638. ISSN 0038-4941. S2CID 149648133.

Silver, Marc (2015). “If You Shouldn’t Call It The Third World, What Should You Call It?”. NPR.

Hickel, Jason (2017). “Aid in reverse: how poor countries develop rich countries”. The Guardian.

R3

Organizations to build up and go after clients in numerous nations for instance inexpensive food chains are opening outlets consistently throughout the planet. Likewise, organizations can work where creation costs are the least expensive because of globalization. What’s more, it’s not just items globalization likewise makes it conceivable to get administrations from around the word for example using the web a US-based organization can employ a bookkeeper in India to do its assessments. Globalization unites state-run administrations with the goal that they can handle shared objectives together. For instance, because of globalization world pioneers have seen the effect of contamination and have made plans to handle environmental change together. Likewise, it is far-fetched that a nation exchanging a lot of items and administrations with another will assault it or need to do battle with it. An expanded contest implies that organizations with the best costs win. Because contest costs are continually fluctuating, for instance, a nation like the US needs to decrease its costs frequently to contend with costs for a similar item coming from China. China’s creation costs are lower than the US thus they can have ludicrously low costs. For the US organizations diminishing costs will negatively affect their benefits which thus might prompt activities like laying off laborers.

References

Fossum, J. A. (2015). Labor relations: Development, structure, process. McGraw-Hill Education.

R4

The following are the parts of the global economy

Increasing Competition:

Globalization has exacerbated rivalry between nations and businesses that produce comparable goods. This has improved the products and services of the companies. It also creates swings in goods prices. Due to lower production costs, China is able to offer equivalent products at a lower price than the United States.

Unstable Jobs

Globalization shifts labour from one nation to another. India and China have low-cost, highly-skilled labour; as a result, countries like the United States hire them at low wages, so diminishing US employment.

If businesses want to be successful on the worldwide market, they need be well-informed about the foreign environment, the people, and the tastes and preferences of the country they want to enter. The greatest threats for a global worker are: Workers in underdeveloped countries get paid less. Diverse countries have diverse family values, views, languages, and religions, which jeopardizes the safety of global personnel due to communication barriers. Finally Analysing the political terrain: The political atmosphere of a country may limit the success of foreign workers.

Organized lab or and trade unions have increased their labour agenda and cooperation on the international, transnational, and national levels in order to combat threats to workers worldwide. It ensures that every person has the opportunity to learn and get the necessary training to adapt to new technology, so that they do not risk losing their jobs on the global market.

The labor movement employs a range of ways to collaborate with developing countries while safeguarding the basic human rights of workers. That are:

Collective bargaining allows workers to speak out against any unlawful actions at work and to improve their working circumstances. It adds to increased compensation and better access to medical treatments. Management and labour unions work together to settle disputes and enhance talks.

Unions and organized labor contribute in establishing wage standards across many industries and professions, so reducing inequality and ensuring that everyone receives a fair share of economic growth. Workers with equivalent work experience get equal compensation. Additionally, it helps raise the salaries of low-level instructors.

Since too many people die on the job because their employers do not take sufficient safety precautions, the health and safety standards at work should be enhanced. Unions aided in educating the workforce about the various occupational risks and improving working conditions in order to lessen the amount of time workers are away due to accident.

References

org/publication/how-todays-unions-help-working-people-giving-workers-the-power-to-improve-their-jobs-and-unrig-the-economy/#epi-toc-8″>https://www.epi.org/publication/how-todays-unions-…

https://www.imf.org/en/News/Articles/2015/09/28/04…

https://www.managementstudyhq.com/globalization-po…

R5 & R6