The changes in economy on global employment-wenqi

Fundamental and far-reaching changes have taken place in the world economy over
the past several decades that have had a profound impact on the global employment situation.
Two fundamental aspects of the transformation are:
The heightened and growing degree of global economic, social and cultural integration as reflected in such phenomena as the expansion of international trade.
A shift in policy towards deregulates markets, privatization, a smaller role for the state and a relatively narrow focus on reducing inflation.
These two trends are affecting each other. For example, policies of liberalization and macroeconomic stabilization are often justified as necessary adjustments to the process of global integration. And also deregulation and privatization frequently facilitates the integration of markets across national boarders.