Topic > Critical Response to Globalization - 1224

These findings change or modify political organizations to adapt to the needs of global capital. Regions and nations are encouraged to import and export goods from other parts of the world instead of supplying or producing them at home. Therefore, seeking expensive supplies or manufactured goods from third world countries to import them into the injunction of first world society with free trade zones of globalization (Ravelli and Webber, 2015). These negotiations raise new organizations, for example the World Trade Organization (WTO), to help and supervise both countries towards legalized trade. However, neoliberalism amplifies the negative aspects of globalization's effect on the economy. For example, deregulation, decreasing government benefits, and tax changes (Bunjun, 2014). However, linking these negative aspects to the documentary Made in LA (Carracedo, 2007), which is the main issue of increasing employment risk for both first world and third world countries. Regarding the transition from stable and secure full-time jobs to unstable and insecure part-time jobs. This reduces the professional growth of many employees, who recognize and therefore change jobs where they may not be suitable (Bunjun, 2014). As a result, globalization causes market inefficiency through labor market segregation and exploitation, unemployment and underemployment, unequal access to employment (Bunjun,