Exam 3: Changes and Challenges in the Global Labor Market

Many of the changes toward greater diversity have been due to changes in migration patterns with increased transportation opportunities and more open national borders to support world trade and replace decreases in local populations.

Which of the following is NOT an argument against immigrant workers?

Currently, there is a decreasing emphasis on growth with equity, as many recent studies have found that the benefits of economic growth to the poor are highly dependent on the existing level of inequality and wealth distribution within nations.

Creative destruction is the continuous scrapping of new technologies in favor of old ones.

MNCs' active and socially responsible involvement in their home country's ________ formation is important, ultimately because government policies either reinforce or hinder the competitiveness of a country's firms and economy.

Discuss the pros and cons of offshore sourcing? How has the recent global credit crisis affected the trend in offshore sourcing?

One of the main advantages of offshore outsourcing is strategic flexibility that enables an MNC to maximize the specialized competence of individual operations.

Globalization has increased purchasing power and enhanced standards of living but with great risk of higher inflation.

China is the world's most attractive country for immigrants.

The condition often referred to as the "brain drain" means:

The best strategy for managing a workforce in response to changes in demand is to:

Immigrant workers are usually cheaper to employ than native workers in developed countries but employers often do not prefer to hire them to remain cost competitive.

Offshore outsourcing is the primary reason for job loss around the world, as well as for the failure to quickly return to previous employment levels with an economic rebound.

In the United States, security rather than economic issues are forming an anti-immigrant national consciousness.

Describe five different changes and emerging trends in the global labor market. For each trend, briefly discuss challenges and opportunities that are presented to MNCs for global business success.