How Are Automation and the Globalization of Production Affecting Workers

question 18

Essay

How are automation and the globalization of production affecting workers in developed and developing countries?

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Definitions:

Internal Rate

Often refers to the internal rate of return (IRR), a metric used in capital budgeting to estimate the profitability of potential investments.

Payback Period

The length of time that it takes for a project to fully recover its initial cost out of the net cash inflows that it generates.

Salvage Value

The anticipated value of an asset at the conclusion of its effective life.

Capital Budgeting

The process of evaluating and selecting long-term investments that are in line with the strategic goals of an organization.