Define Globalization

question 68

Essay

Define globalization.Identify three effects of globalization and how these effects can either be positive or negative for local or national communities.

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Definitions:

Equal Pay

Equal pay refers to the principle that individuals should receive the same remuneration for work of equal value, regardless of gender, ethnicity, or other discriminatory bases.

Codetermination

A practice where workers and employers jointly participate in decision-making processes within a company, especially common in some European countries.

Works Councils

Employee representative bodies present in some European countries, involved in discussing and negotiating workplace matters.

Centralized Collective Bargaining

A form of bargaining where negotiations are conducted at a national, regional, or industry-wide level, rather than between individual employers and their employees.