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Globalization Globalization is when businesses come to a decision to take part in increasing global economy in which it establishes themselves in foreign markets The initial focus would be to adjust their products and services to the end users in international markets As globalization indicates a shift in direction of world-trading government it also can be linked to compensation on independence making countries fail of being completely independent Therefore issues of globalization and free trade are enclosed by a debate or controversy Whats going on in the world affects job opportunities today It is important to keep up with present news locally nationally and worldwide For example one may wonder why the price of oil in Saudia Arabia has to do with the US job market It has significant affects on work opportunities The economy compels the job market When the economy slows down there are smaller amount jobs It wouldnt be surprising that a lot of people lost their jobs after September 11 Over 8 million Americans were unemployed It is why one must keep an eye on whats happening in the economy worldwide A shift in the job market happened this past year with the decrease in the stock market Although the stock market took a hit downward real estate markets and jobs increased dramatically The reason behind it was investors who lost confidence in the stock market looked for other places to put their money So it came down to low interest rates which made real estate an outstanding choice The international market increased because of the rapid advances in technology The telephone the fax and the Internet have made it easier for people to talk around the world Those advances made it possible for companies around the world to conduct business with one another The experts think there will be an enormous skills deficiency in North America Technology is part of the reason however an additional factor also may give
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