While globalisation has benefited well-off consumers and also producers with skill, education and wealth, many small producers and workers have suffered as a result of the rising competition. Removal of trade barriers and liberalization policies of the governments to facilitate globalization have hit the local producers and manufacturers hard. Globalisation and the pressure of competition have substantially changed the lives of workers. Faced with growing competition, most employers these days prefer to employ workers ‘flexibly’. This means that workers’ jobs are no longer secure.
Illustration: Any one case - either from the text book or beyond it e.g., MNCs and Workers, MNCs and Local Manufacturers/industries, withdrawal of subsidies, etc.
