Globalization, Unions, and Wages
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According to Dell Champlin and Paulette Olson in Journal of Economic Issues, globalization involves the expansion of markets and the reduction of impediments to the free exchange of goods, services and assets. Advocates of increased globalization include most orthodox trade economists and the leadership of both U.S. political parties. Globalization and free trade are hotly debated issues. For example, the debate over the North American Free Trade Agreement (NAFTA) is dominated by conflicting estimates of numbers of jobs lost versus numbers of jobs gained.The impact of globalization on work, the workforce and the way managers administer changes depends, according to Champlin and Olson, on who you ask. In the United States, the debate over the impact of globalization on workers has focused primarily on trade. In developing countries, the debate also includes discussions of the impact of financial capital flows and International Monetary Fund (IMF) stabilization policies. They add tha
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Approximate Word count = 692
Approximate Pages = 3 (250 words per page)
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