🔸the process by which people around the world, along with their eco-activities, are becoming increasingly interconnected.

🔸with it's increase in land, labor, and capital; production factors have been able to cross borders with much greater ease.

🔸the practice of relocating of a job to other countries or "offshoring", plays as a key aspect in the globalization.

🔸occurring in two ways. The first being moving only part of an operation and handle them from another country.

🔸Or have a contract with another country and handle it's operations and aspects on their own.

🔸foreign firms that open operations in a new country to take advantage of the high human capital or "inshoring" is another key aspect of globalization.

🔸creating new jobs for people in a country that has never had this operation before.

The globalization of work
Offshoring, Inshoring, and foreign competition