Which of the following characteristics of an economy is a barrier to globalization of business ?
While flexible production systems, low-cost advanced technologies, and integrated global supply chains drive globalization forward, a large pool of unskilled surplus labour…
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Which of the following characteristics of an economy is a barrier to globalization of business ?
Answer and explanation
Correct answer B
While flexible production systems, low-cost advanced technologies, and integrated global supply chains drive globalization forward, a large pool of unskilled surplus labour accompanied by rigid protectionist pressures against automation and structural adjustment acts as a domestic socio-economic barrier to the globalization and modernization of business.
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UGC NET HRM / Labour Welfare and Industrial Relations