Issues Associated With Interdependance Flashcards Preview

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Flashcards in Issues Associated With Interdependance Deck (5)
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1

Positive effects of labour movement?

Reduced unemployment
Reduces geographical inequality
Address skill and labour shortages
Skilled workers return to country of origin

2

Negative effects of labour movement?

Countries find it difficult to retain best talent
Loss of skilled workers
Outsourcing
Disease pandemics

3

Outsourcing - loss of jobs?

Less spending in local economy, loss of jobs and services shut down - demultiplier effect

4

Outsourcing - deindustrialisation?

Closure of manufacturing companies due to outsourcing leads to closure of local suppliers - decline

5

Outsourcing - structural unemployment?

Workers often ill-equipped for new types of work in their economy