Globalization and Unemployment

A. Via trade, financial flows, FDI

B. Changed the way economies work

C. Free trade-richer nations

II. Globalization linked to rising unemployment

A. Must compete in globally integrated markets

B. Avoiding increase in wage inequality raises unemployment rate

C. Skilled worker favored over less-skilled worker

III. Globalization opens up new entrepreneurial opportunities

B. Cheaper labor rates in emerging nations make their goods more marketable

Globalization refers to "the increasing linkage of national economies through trade, financial flows, and foreign direct investment (FDI) by multinational firms" (Gilpin 61). As such, globalization has had a substantial effect on the world economy and has been blamed by many for subsequent econ

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Some common words found in the essay are:
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Approximate Word count = 697
Approximate Pages = 3 (250 words per page)

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