Patchwork Text Assignment Sample
Introduction
Globalization is a procedure that helps the world to become increasingly interconnected that resulting in massively cultural exchange and increased trade. The purpose of this study is to analyses globalization’s impact on culture, business, people and others to improve global sustainability. Globalization has improved the production of services and goods that helps to improve global economic context as well as culture effectively.
Patch 1: Critical Analysis
Two Definitions of Globalisation
Globalization is based on the spreading of technology, products, jobs, information, cultures, services and other factors across national borders. In economic terms, this globalisation describes nations’ interdependence around the globe fostered through free trade. Globalisation can help to spread technology and products to another country that helps to improve the stability of the international market. As influenced by Asongu et al. (2018), developing countries can benefit through this globalisation as their people can get opportunities to get a job in developed countries easily, which helps to improve economic distribution within the globe. Globalisation helps to provide benefits of updating cultures of people as people can get a chance to get to know about other cultures that helps to improve the cultural context of the globe. This definition helps to analyse aspects of elements that can be improved with the use of globalisation in a country or their business to get better achievements.
In other words, globalisation is a term that describes growing interdependence within international countries. It includes culture, economics, and population brought about by cross border trade in services, technology, goods, investment flow and others across the world. As discussed by Stubbs (2018), the clear results of globalisation can be observed from an economics perspective that provides a major impact on business developments. It is observed that the countries have built different economic partnerships with different countries to facilitate their movements over other countries that help to get foreign currency. The income of foreign currency helps to improve economic distribution in the globe that creates better economic growth. The guide uses more international trade as well as investment flow among advanced economics that helps to improve the overall economic perspective of the globe. The wide-ranging impacts of globalisation are politically charged and complex that is required to be analysed effectively for getting advantages from globalisation. Along with major technological development, advancements, globalisation provides benefits to society properly while harming certain groups. Understanding benefits and relative costs can pave an efficient way for alleviating issues while sustaining wider payoffs.
Similarities
In this study, the main focus is to critically analyse the globalisation impact based on several perspectives including business, employment, people, technology and many more. As discussed by Bello and Ezeri (2020), different types of knowledge regarding globalisation can be observed that helps to understand this globalisation term more significantly. In this aspect, there can be observed similarities between the two above definitions as both the author has provided knowledge based on the same elements. The first definition includes technology, products, job, information and others that are basic benefits that can be obtained all countries globalisation, In this context second definition is also provided with these terms in terms of globalisation development that helps to get similarities in these two definitions and both definitions help to gather knowledge based on the effectiveness of globalisation to improve the world.
Differences
The first definition contains cultural aspects for globalisation and the second definition is provided to focus on an economic partnership that helps to achieve more economic sustainability in a world that rates differences within two definitions. The second difference can be observed in terms of job or employment. The first definition elaborates the job opportunities development perspective for globalisation that cannot be seen in the second definition. As inspired by Asongu and De Moor (2017), for improving the overall global economy it is necessary to improve globalisation. It also helps to improve the distribution of money that helps developing countries to improve their economic stability to manage their country people’s well-being. The other difference includes based investment flow and international trade that can be understood in a better way in the second definition that helps to motivate people or a country to analyse the international trace market significantly to improve profit and to gain foreign currencies. In the first definition, the development-related foreign currency is missing that provides a difference between the two definitions related to globalisation.
Theoretical Perspective of Globalisation
The theoretical perspective in globalisation helps to improve this process so that a country can get better advantages from the global market. In this aspect, the hyper globalist theory has been chosen to improve the global perspective more significantly.
Hyper globalist theory
The global optimist or hyper-globalist theory emphasises that globalisation is happening and for these changes, local cultures are being eroded because of the expansion of international capitalism as well as the emergence of a homogeneous global culture. Globalism is based on positive procedures characterised by increasing prosperity, economic growth and the spread of democracy. As influenced by Hay (2018), globalisation has occurred for the global adoption of neoliberal policy based on economics. It insists governments that the developing countries are required to reduce obstacles to free market and free trade capitalism for generating development. In this context, governments need to limit their roles to prevent friendly environments that help their county business to make more profit.
Figure 1: Hyper-globalism theory
(Source: As inspired by Hay, 2018)
The implementation of this theory to enhance globalisation is possible to provide an impact to change the global market and opportunities of employees with enrichment of cultural context significantly. As discussed by Tiwari (2019), this theory can help to improve business efficiently in a country that also helps to get more opportunities to improve economics from the global market for globalisation. From this theory, it is possible to improve the overall countries economy as well as it helps to improve the sustainability of the globe with proper distribution of opportunities to people. As inspired by Solarin et al. (2017), the development of cultures helps to manage all the international business working processes. This also helps to provide better effectiveness to develop the financial condition of individuals as well as people around the globe.
Patch 2: Research and Literature
Social Area Concern to be Seen as Global Issue
Future of Employment Rate
Globalisation is a process owing to which nations are bringing in changes and development in their ways of living. Developing ways of business and interaction between people globalisation is enhancing economic activity across the world. As per Ozer (2019), owing to globalisation strong bonds between two nations are witnessed in a prominent way enhancing business practices and economically developing a country. Nations with assistance of this practice have also encouraged residents in adapting new and innovative cultures for enhancing growth and development. However, it has also been witnessed that owing to globalisation there are certain social concerns that can have a negative impact. Owing to globalisation, there is a huge chance of increased individualism leading towards high social mobility and social anxiety.
Social areas considered as a global issue are the future of employment rate owing to the excessive dependence of technology. In 2020 a business worth $1.31 trillion was conducted using technological assistance (Statista, 2022). It has been projected that within 2025 this investment is going to obtain a growth of $2.8 trillion. It can be stated that due to globalisation nations are discovering cost effective technologies and are becoming focused towards using them for completing tasks and projects. Reducing employee engagement rate, companies operating globally are obtaining a significant amount of profit. In 2020 in comparison to globalised revenue generation unemployment rate was witnessed to be 6.57% (Statista, 2022). Hence, it is evident that companies while making use of innovative technologies are cutting jobs creating a significant challenge towards global economic development.
Increased rate of unemployment is a global concern impacting both economic as well as social perspectives. It has been witnessed that owing to increased unemployment rate social challenges such as poverty and inequality of income gets witnessed. According to an assessment of Mahadea and Kaseeram (2018), South Africa witnessed an overall unemployment rate of 34% in 2016 which is significantly high in terms of global standards. It also highlights that the youth in this country has faced a rate of 53% unemployment. Despite globalisation, companies are unable to provide assistance towards the youth of underdeveloped countries like this. As MNEs of these countries because of exposure and opportunities of globalisation are either moving towards international markets or adapting technologies which are creating this significant amount of challenges.
Socially apart from financial challenges psychological challenges have also been witnessed because of increased rate of unemployment globally. According to Meda et al. (2022), due to increasing rate of unemployment more than 800,000 people commits suicide in which majority are witnessed to be male. As innovation in technology is increasing and companies are increasing reluctance on them, these social challenges are getting witnessed impacting not only on social status but also the lives of many people. However, it has also witnessed that countries that have developed a balance in employment rate and technology acquisition have successfully reduced the rate of suicide particularly because of this challenge.
Macro Perspective of Global Issue
Owing to this globalised social challenge it has been witnessed that some countries have developed their employment structure and some are still unable to manage this aspect. Considering the UK as a developed country a balance between employment rate and technological usage is evident significantly. In 2020, UK has witness an employment rate of 75% which is significantly high and is laying a positive impact on the country’s economic and social aspects (Statista, 2022). In comparison to this country, India is still developing and gradually improving its economic sustainability. However, the employment rate of this country is significantly low, impacting both psychological and social balance. In 2021, India witnessed an employment rate of 38% which is considered as a significant low level (Economictimes, 2022). It can be stated that as industries are making use of automation technologies, the labour market in this country is facing this challenge of unemployment. It can be stated that both of these countries are facing issues because of this significant amount of differences. Emphasising on global policies these challenges can be identified and evaluated which are as follows:
Global Policies
Social Factors
In case of UK it has been witnessed that the employment rate of this country is stable as it’s is being backed up by certain social factors. UK is a place with a population of 68.4 million people which is leading this country towards sustainable development (Worldpopulationreview, 2022). It can be stated that owing to the rate of population, the education system has also obtained significant development leading towards progress. It can be stated that owing to this aspect, the unemployment rate of this county is low and citizens of this country are obtaining a higher income.
On other hand in case of India, this country has obtained a population of 1,405.2 million in 2022 which is making it difficult for companies to offer jobs (Statista, 2021). It has been witnessed that owing to this aspect literacy level is also getting reduced. Companies becoming unable to appoint employees are increasing the rate of unemployment. Furthermore, it has also been witnessed that owing to this aspect workers aged 15 to 29 are getting increased within this country. Almost 13.7% of people in this country are working at a low wage daily which is creating social dissimilarity in an effective manner (Wsj, 2011). Hence, the increased ineffective operation structure in comparison to the UK is facing significant challenges.
Environmental Factors
GDP trend of UK is witnessed to be sustainable owing to which businesses were able to establish a sustainable progress and development. In 2019 with a GDP growth of $2.879 trillion, UK has obtained sustainable growth and development (Worldbank, 2022). Furthermore, it can also be stated that as there is diversity in market, people within this country are able to avail opportunities of obtaining employment. International companies are also investing within this country owing to its demand in market.
In case of India, it has been witnessed that for bringing in development and growth, government developing policies have emphasised on industrialisation. Vision was to increase the rate of employment in this country. However, it has been witnessed that owing to literacy level, companies are unable to hire new recruits impacting on the economic condition of this country.
Political Factors
In UK owing to political stability, companies are able to obtain development and growth at an increasing rate of employment. It can be stated that due to an organised administrative system, companies operating in the UK are obtaining development and growth and are also retaining the rate of employment within this country. Despite of positive impact, it has been witnessed that owing to COVID employment rate of UK faced a downfall in 2020 (Cipd, 2022). As European companies were backing off from UK, this challenge was witnessed impacting sustainable employment growth.
In case of India, being the world’s largest democracy, they were unable to provide assistance towards development and growth of employment rate. It can be stated that as political parties are highly influential in this country, these challenges are getting witnessed impacting the rate of employment within.
Technological Factors
Government of UK is contributing a significant amount of its resources towards research and development of the country increasing enthusiasm of companies as well as employees. It has been witnessed that owing to this aspect, the government of UK has allotted an amount of £39.8 billion in their research and development enhancing and assisting industrial opportunities (Gov, 2022). It can be stated that with assistance from emerging technology and governmental support, companies along with technological support are also able to maintain the rate of employment within this country.
On other hand, India being one of the largest countries is producing quality products at marginal cost. It can be stated that as this country is unable to provide proper wages to its employees, challenges of reducing unemployment rate are getting witnessed impacting progress and sustainability of economic aspects of this country. In addition it has also been witnessed that because of the lack of technological development internally, this country is unable to establish a positive compliance.
Economic Factors
The UK is witnessing diversity within their economy which is bringing in development and sustainable progress within the employment rate. It has been witnessed that this country has also gained progress because of its foreign direct investment. Enhancing opportunities in development of industry, employment rate is also getting increased within UK. It has been witnessed that government has allowed 0% tax up to £12,570 income (Gov, 2022). It can be stated that owing to the low amount of tax rate companies of this country are obtaining better opportunities and are enhancing progress and success.
On other hand, in case of India, owing to its reduction in industry licensing policies, companies are unable to establish compliance. It can be stated that owing to these aspects companies in this country are unable to maintain a sustainable rate of taxation and are creating a significant amount of challenges in front of employability.
Patch 3: Critical Analysis of Issues
Considering Perspective of National Government
Process of Handling Issue
Businesses and the government have taken a counter to provide assistance towards decreasing the rate of unemployment. Owing to its capable decision making system and impactful decisions, in 2022 fast quarter increasing economic activity by 21.3% this country has decreased unemployment rate down to 3.9% in an effective manner (Ons, 2022). It can be stated that as government as well as companies are able to understand the balancing point of employment rate and its importance, this effective growth has been witnessed in UK. According to Brewer and Tasseva (2021), owing to COVID-19 pandemic situation, it has been witnessed that there was a huge surge in maintaining employment levels in the UK impacting financial growth and development in the market. Hence, there are certain strategies using which these issues has been handled in a tactful manner which are as follows:
Educating and Training Employees
In the UK emerging technologies are reducing operational cost by increasing the level of productivity of companies engaged within. Reason behind dependency of technology is lack of education among employees. Hence, in the case of UK, providing proper training and development to employees is increasing the eligibility rate within them. According to Minocha et al. (2019), with assistance of proper technical education and training processes companies are able to enhance employment rate in UK. Companies in the UK sectors such as banking, retail, tourism and healthcare by identifying pain points among employees are providing them with guidance and are enhancing their rate of capabilities. It can be stated that with assistance of this educating and training programme companies are able to acquire human resources enhancing rate of employment.
Labour Market Regulations
In UK it has been witnessed that regulation such as Maximum working weeks and regulation of employing illegal immigrants are strictly followed. In addition to this, it has also been witnessed that maintaining health and safety regulations employees operational in the UK are obtaining proper opportunities. As per Jennings et al. (2018), because of labour market regulations, employees are able to maintain a positive relationship with companies and enhance their workforce capabilities and effectiveness in market. Reducing unemployment rate, UK because of labour market regulations are actively witnessing increased engagement rate of employees in companies.
Lower Minimum Wage
In case of UK for retaining employment rate and providing proper opportunity to people in a society, the wage system has been updated. From a report it has been evident that people under 18 are earning £4.20 per hour which is a significant amount (Expatica, 2021). Encouraging towards an increasing rate of employment, people in UK has also been able to obtain an earning of £4.35 an hour. It can be stated that owing to this aspect economic sustainability of UK is getting maintained and recognised by its residents. Previously it has been witnessed that as this wage was very low, hence employees’ losing interests were impacting on the business industry. Lack of employees was leading companies towards significant challenges in market towards development and progress. It can be stated that with assistance from this aspect, companies are able to enhance sustainability and growth.
Nature of Government’s Response
UK is a technologically advanced country having an explicit range of opportunities encouraging employees in enhancing their growth and career development. As per observation of Cuestas and Ordóñez (2018), during the time of Great Recession UK has faced a surge in employment rate impacting economic development in a significant manner. Loss of jobs within this country was reducing GDP rate due to which the value of the UK was getting reduced in the international market. Hence, increased expenditure of government has impacted on reduction of unemployment rate within this country. It has been witnessed that in order to eliminate the rate of unemployment, the government has integrated certain strategies such as Development of Business Sectors, Infrastructure Development and Labour Incentives, to increase the rate of employment. Advantages of these strategies are as follows:
Development of Business Sectors
In case of UK it has been witnessed that because of lack of opportunities the unemployment rate was getting increased impacting sustainable economic growth. Government taking initiative to develop the business sector has enhanced rate of employment in this country. It has been witnessed in financial year of 2020-21 government of UK has invested almost £11.7 billion to develop business sectors (Gov, 2021). It can be stated owing to this aspect increased employment rate has enhanced sustainable growth and development in the UK. Moreover, it has been witnessed that businesses in places such as England, Scotland and Wales have been increasing in a significant manner. However, in 2020, for increasing employment itself, government has invested almost £30 billion which is a huge amount (Statista, 2022). It can be stated that because of COVID-19 pandemic situation, decreased employment rate has created a surge in economic development. Thus, with the assistance of this innovative investment, the UK has enhanced the positive employment rate.
Infrastructure Development
Infrastructure of business in UK was not providing a prominent support to companies leading towards an increased rate of unemployment. As companies were unable to retain its employees this significant amount of challenges were getting witnessed. According to Rukanova et al. (2018), increasing globalised business government has provided a significant amount of opportunities to companies. Hence, for managing workforce, increasing employment rate companies were able to commence business. It can be stated that because of UK government’s assistance, companies operating in market by eliminating employment related challenges were able to enhance sustainability and growth.
Labour Incentives
In order to eliminate the unemployment rate in UK, government has developed strategies using which this raging problem is getting eliminated in an effective manner. In 2020, government of UK has announced that in Wales and England incentives are going to be provided towards 1 million unemployed employees (Parliament, 2021). It can be stated that because of this UK based scheme, unemployed people can obtain opportunity by enhancing progress and sustainability. In addition, owing to these aspects companies are also able to enhance their workforce while operating internationally.
Barriers Preventing Addressing Issues
Regional Issues
In case of UK, it has been witnessed that due to regional issues the unemployment rate has been increasing, impacting economic development. Challenges that are creating barriers towards development and growth of employment in UK are mobility of labourers. In UK it has been found out that Eastern side of this country has a significant amount of employment rate of 78.9% (Statista, 2022). It can be stated that as there are massive levels of opportunity for jobs, employment level is significantly high. However, in Northern Ireland only 70.4% people are employed which depicts low opportunity. It can be stated that owing to the challenge of effective mobility employees are facing these significant challenges while operational in market. In addition, it has also been witnessed that employees in UK lacks in skills which is reducing their chance of enhancing opportunity in maintaining progress and sustainability in its market. In addition, because of these areas unemployment is also rising in UK.
Socio-Political Issues
It has been witnessed that in UK in spite of having a huge rate of unemployment, due to socio political issues companies are unable to provide opportunities. It has been witnessed that socio-political issues such as literacy and rate of poverty are creating significant challenges. According to an assessment, in 2019 the UK witnessed a literacy level of 51.7% which is considered as a low class (Statista, 2021). It can be stated that working low literacy level companies are unable to approve employees. Hence, enhancing rate of unemployment and poverty UK has been facing economic deficit. It can be stated that these challenges can be eliminated in an effective manner. With assistance of providing quality education and training to people can increase sustainability and development of this country enhancing progress and sustainability in a positive manner. As per observation of Thompson and Dahling (2019), owing to socio-political issues such as lack of education and poverty, workforce balance and economic inequality are also getting witnessed towards the UK. It can be stated that with assistance of proper substantial judgement and assistance these challenges can be eliminated in an effective manner.
Economic Issues
In case of UK it has been witnessed that challenges such as industrial disputes due to external environmental challenges such as COVID-19 people are unable to retain their rate of employment. It can be stated that owing to volatility and inability to maintain business in an effective manner companies are unable to recruit employees. It has been witnessed that companies in order to maintain financial; stability often reduce employee forces creating a significant amount of surge in balance. It can be stated that due to this aspect employees are unable to obtain opportunities enhancing growth and sustainability. Furthermore, it can also be stated that owing to the ineffectiveness of political influences in spite of having rules and regulations for employees, governance sectors are falling behind in maintaining their tasks in an effective manner creating challenges towards progress and growth.
Patch 4: Considering Issue from People and Community Perspective
Issues Faced by People and Communities
It has been witnessed that because of unemployment people in the UK have faced a significant amount of challenge in maintaining their socio-cultural prospect. It has been witnessed that a majority of the residents of UK, because of increased unemployment rate, have faced psychological challenges. From an assessment it has been witnessed that owing to the COVID-19 pandemic situation problems such as worry, stress, anxiety and emotional responses were heavily impacted (Statista, 2021). It can be stated that owing to slack of financial stability and sustainability people in the UK have faced these significant challenges. It has also been witnessed owing to this significant amount of challenge suicidal rate has also increased in case of UK.
Furthermore, it has also been witnessed that companies operational in market have also faced challenges of maintaining budget. It can be stated that as there was a surge in the trading process of massive lockdown companies have to reduce their employment rate. Increasing the rate of unemployment up to 6.5% by the end of 2021, the community of the UK has also faced a significant amount of distress among almost 0.9 million people receding (Health, 2021). It can be stated that as companies were unable to provide services both customers as well as employees were facing challenges. Customers unable to access their necessary goods and employees unable to obtain financial support were unable to maintain their reluctance.
It has also been witnessed that using technological support companies in the UK are able to enhance their growth of sales. However, it can be stated that because technological support decreases employment rate companies are creating a surge in maintaining a positive balance. It can be stated that because of these aspects companies are unable to maintain progress and sustainability in the market.
Different Agencies and Organizations Working on Issues
Youth employment UK
Youth employment UK is one of the leading positions in United Kingdom that is working actively to change employment status of the young generation of this country. This organisation works at a local level to increase employment rate of UK and it also encourages the government to make significant changes in policies so employment rate can increase. It often holds camps and rallies that can make people aware of this firm and its working style. It also encourages citizens of UK to join them and support their mission of providing a job to every individual of United Kingdom so that they can work together to uplift economic condition of the country and its contribution towards the world as well. Globalisation has reduced employment rates in UK as the business companies are hiring templates from developing countries such as India and Bangladesh at a lower price. As a result, this firm aims at opposing such a scenario where outsourcing of employees reduces employment rate among citizens of United Kingdom (Essletzbichler et al. 2018). Moreover, this organisation provides jobs to many students who want to work for the society and help campaigns to bring about change in government policies. Similarly, youth employment UK provides skills-based training so that students and fresher can enrich their skills and abilities and get better job opportunities to succeed and develop in life.
Four major advantages that are given by this organisation can be beneficial for job seekers of United Kingdom at the local level. First are Skills support is given from experts and Youth Ambassadors who are hired by this firm to support the fresher of UK. Next is providing opportunities from employers and organisations that are in collaboration with youth employment firms and support this organisation as well (Youth employment UK, 2022). Moreover, youth employment UK allows students to become young professionals and get an additional paint on their CV. Facially, this organisation provides opportunities to students and fresher to speak up so that they can motivate others to join this firm and speak against UK policies that need to be changed to enhance employment rate of this country.
Impetus
Impetus is another local organisation of United Kingdom that provides opportunities to study and get basic education and this also ensures that employment rate is hiked in UK (Impetus, 2022). Impetus has the mission of transforming the lives of young people of United Kingdom by providing them with proper job opportunities and encouraging business organisations to collaborate with them. As a result of this collaboration, impetus encourages this firm to hire fresher and young people so that Unemployment rate of the country can be reduced. Due to globalisation, this organisation is facing challenges as business companies are not supporting them as they are outsourcing and hiring employees from developing countries. As a consequence of globalisation, scope of growth and expansion has been reduced for UK-based firms.
Impetus supports children of UK and supports them to get the right education so that they can choose their career and success in the workplace and ensure growth in life (French, 2018). Impetus also encourages companies to provide them with charities and donations so that they can explore the interior of United Kingdom and support unemployed people in different parts of the country. Impetus also works with other charitable firms, NGOs and firms to raise awareness about unemployment in UK and provide advantages to young people so that they can gain their preferred jobs. Moreover, impetus also holds digital campaigns and uses social media to make young people aware of issues that they can face after they pass universities and also provide them with ideas of skills required to get a preferable job opportunity.
JRF – Joseph Row tree Foundation
Joseph Row tree Foundation is one of the independent organisations that work for change in policies so that social issues can be mitigated. Employment rates are uncaring in UK and it is creating issues for young people and it is also destabilising economic balance of the country. As per this firm, the rate of unemployment was low even before COVID, but the pandemic and political turbulence have further decreased unemployment rates which are aerating problems for citizens of this country. Poverty in UK is increasing and this organisation aims to solve these issues by increasing payment rate, enhancing arenas song people and encouraging government authorities to bring a change policy that can provide better job opportunities to young people of this country. As per Joseph Row tree Foundation (2022), every one in five individuals of UK population are facing poverty which is almost 22% of total population of the country and amounts to 14.5 million people. The major reason for poverty is decreasing unemployment rates in this country. This firm aims to speak against old policies so as to encourage the government to reform them to increase job opportunities for young people. Globalisation has provided opportunities to companies in UK to hire labourers at lower wages and increase their profitability. However, lower wages are not accepted by local citizens of UK as it does not allow them to bear the cost of living. Therefore, this firm also held campaigns for several issues such as “bridging the gap between income and cost of living”, “awareness about increasing poverty in United Kingdom ”, “strategies to reduce poverty stigma from society and system” and many more.
Discussion of Grassroots Interventions
Grassroots intervention has been evident in several parts of United Kingdom where affected employees and the young generation of this country have revolted against globalisation. NGOs and other charitable organisations are making people aware of issues faced due to globalisation and how economic stability of UK is enhanced by globalisation, but unemployment rates are increasing as well. Many employees are losing their jobs and are not getting hired at a preferable wage rate. As a consequence, grassroots intervention is done by citizens of UK through campaigns and rallies so that they can encourage the government to bring in new policies that can reduce outsourcing and encourage companies to hire local citizens of the country (McNeil et al. 2022). Labours have also initiated grass root movement so that their wages can be increased and gaps between their earnings and cost of living in United Kingdom can be bridged.
Labour union has been formed and funds have been used to conduct social programs where NGOs such as Lionheart and charitable funds have supported labour unions so as to reduce unemployment and mitigate challenges faced by local people of United Kingdom due to globalisation. There are several policies of United Kingdom that need to be reformed so that outsourcing of employees from developing countries can be reduced by a significant percentage and companies must be encouraged to hire local employees at a fixed wage (Hannula, 2018). Moreover, these grass-roots movements aim at making companies an area where hiring of foreign employees at lower wages indirectly has a negative impact on economic stability of the country. Therefore, companies must understand the side-effects of globalisation and social issues that it is creating.
National and International Policies to mitigate the issues
As per employment law of United Kingdom, it is distinguished among self-employed employees, full time employees and workers. As a result, there is a distinction among their pay rate as well. However, in India, employment policy focuses on self-employment and encourages employees to get self-employed to enhance economic stability of the country. As per UK’s employment law, a minimum wage of £8.72 has to be given to employees per hour and every week, an employee must work for 48 hours. In India, employment law states that more than 48 hours per week is not allowed, which is similar to UK, however, wage per hour is far less than in UK (Rolf et al. 2022). In India, $2.40 is the minimum wage that must be provided to employees per day. As a result of such a difference, UK aims at outsourcing employees at lower wages and they abide by government policies of national as well as international policies as well. However, strategies have to be deployed to mitigate this procedure of outsourcing in bulk. As per Employment Rights Act 1996, employees are not discriminate and their rights are protected in workplace, however in current scenario of globalisation, employee’s right to get appraisals and increments are not followed by retail-based organisation in UK (Legislation.gov.uk, 2022).
UK government must make policies so that outsourcing can be limited. Moreover, a policy can be made here that a fixed percentage of outsourcing can be done by a firm; however the majority of employees need to be local. Such policies can limit outsourcing, but it will also increase employment rate of UK. Moreover, companies must be encouraged to increase their wage so that local employees can live a peaceful life where there is no gap between their earnings and cost of living (Karakioulafi et al. 2021). Globalisation has led to several problems for local people of UK and its young generation that needs a stable job. However, UK based retail companies are focusing on outsourcing hence term profitability and it is aching a negative effect on lifestyle of its cities and is also reducing economic growth of the country. As a result, the government needs to reform its policies so that stability can be provided to local citizens through their job and payment of wages.
Conclusion
Overall, it can be concluded that increased globalisation leads to higher unemployment rates in developed countries such as United Kingdom. Companies of United Kingdom are hiring foreign employees from developing countries such as India and Bangladesh at a much lower wage rate, compared to local employees of United Kingdom. As a result, local cities of UK are not employed and employees are also terminated for invalid reasons. Similar problems are faced when their wages are reduced or they are not given in hike which is creating issues in bridging gap between earning of an individual and cost of his living in United Kingdom. As a consequence, various NGOs and charitable funds have been holding campaigns and rallies to make people aware of the side effects of global and modification of policies that can ensure a change in unemployment status in many cities of UK. Moreover, policies must be made so that no local employees can be terminated without proper justification and increase the given so that employers stay motivated. Such policies can help United Kingdom to reduce their unemployment state and it can also assist the country to gain profits from globalisations by mitigating its side effects.
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