Availability of Cheap Labor and Technological Advancement leads to Joblessness Labor around the world has got squeezed by multiple forces beyond its control. The relentless and rapid technological development along with globalization has pauperized the low skilled workforce around the world. Companies and top management are continuously squeezing the workforce to extract the last drop […]

International Business After globalization becoming the buzzword in today’s world, international business has given a new shape and has also created a new dimension in the world of business as in how the business is carried out. In a layman’s word International Business is related to the business which is carried out internationally. Formally it is […]

We all have heard a lot about multinational companies operating these days in the field of business. Before we look at the advantages and disadvantages of MNCs, lets have a brief introduction about what is a MNC. What are MNCs As the word very well suggests, MNC is a company that owns or controls production […]

Obama’s Anti-outsourcing Policy Barack Obama’s anti-outsourcing ads have helped him in being re-elected as US President. Over the past few months the US president has released waves of advertisements against his Republican rival, Mitt Romney. These have claimed “Romney outsourced call center jobs to India” and was a “pioneer in outsourcing”. President Barack Obama has said that […]

Global Labor Oversupply What has been missed out by economists worldwide is that capital is now heavily advantaged over labor which is leading to massive inequality around the world. The reason is that Labor both educated and unskilled has risen exponentially, with structural changes like the Internet and growing prosperity in large labor pools like […]

Structural Unemployment has become a big problem in developed countries where middle class jobs are being permanently destroyed. The advent of modern communications and technology has made a lot of the old jobs redundant . Modern Technology is destroying entire supply chains , companies and jobs in a painful bout of creative destruction. Many of the workers […]