Proliferation of Globalization and its Impact on Labor Markets in Advanced Industrial Nations and Developing Nations: An Advanced Study Approach

Abstract

The purpose of this paper is to provide insights into how the proliferation of globalization has impacted labor markets both in a advanced industrialized nations and well as developing nations. The rate of globalization has increased at a phenomenal rate. During the past 50 years we have seen many governments that have progressively eliminated policy barriers to trade. The elimination of these barriers to has led to a decrease in both the transportation cost and the telecommunication cost. The study yields the results that, “tariff cuts and increase in trade rise the wage premium in…technology intensive. Meanwhile, the wage premium exists in Malaysia between exporters and non-exporters.