Posted: February 19th, 2022
As a consequence of globalization, economies are becoming more open, lowering the percentage of labor income in national revenue. Labour share shifts should be of importance to government officials who impact shaping and implementing economic policy, particularly employment, education, and investment policies geared toward the green transition.
Purpose of the Research
Studying globalization’s effect on labor and environmental policy is the goal of this project (Zheng & Shen, 2019). The expansion of technology is one of the most obvious ways that globalization is helping to close the pay gap between employees in developed nations and those in emerging ones (Zheng & Shen, 2019). It also contributes to the widening gap between the rich and poor in the United States. Investigating how globalization affects countries’ economic environments will allow us to figure out ways to deal with the harmful impacts that nations face due to globalization, as well as new demographic and economic, political, and technological changes, social and employment-related issues.
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