Essay: Competing in international labor market

27 May

Essay: Competing in international labor market

Sample Essay

Also workers are trying to get the best of education from the best of places, regardless of location, in order to compete effectively in the international labor market. Going back to the issue of outsourcing, companies do it to reduce their costs of production and to get a competitive advantage in terms of quality and service. May call-centres have sprouted up in order to cater to the growing need of better and cheaper services, so that today companies that are based in UK have a call centre in Bangladesh where the customer services rep responds to the queried of a UK client based in Bangladesh, without the customer realizing that he has in fact called another part of the world.

It may be argued that globalization does weave fancy tales of a win-win situation for all, however so is not the case when the playing field is not even and their are nation-states that are not as developed or as stable as the western countries and their economies need time on their own to strengthen their own organizations and bring them at par with the world’s standards in order to compete at a level playing-field.

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