Definition And The Pros And Cons Of Globalization Management Essay

Globalisation describes the process by which local economies, societies, and cultures have become integrated through a global network of political ideas through communication, travel, trade and the speedy increase in the share of monetary activity occurring across national restrictions. The word is most carefully associated with the term financial globalization: the integration of nationwide economies into the international market through trade, overseas immediate investment, capital moves, migration, the pass on of technology, and military services presence. The term can also make reference to the transnational flow of ideas, languages, or popular culture through acculturation- ethnical exchange.

Singapore has evolved today as one of the flourishing countries of the world which is regarded to be always a global business region as it is the home to about 7, 000 multi- national companies. Singapore's tactical location in South East Asia and infrastructure arrested the attention and encouraged many professional companies and foreign investors to set-up businesses in Singapore, which started Singapore's journey of globalisation. Singapore is a problem free country with high international standard equipment, well trained personnel, a good world culture and a host aptly suited for trading or business goal.

Singapore, despite once as an island country, has managed to progress rapidly. Within the last ten years of the twentieth-century, Singapore has altered into a recognisable global city through the process of nation-state building. This resulted in an increase in the migration of individuals at all degrees of the overall economy which empowered Singapore to support a competitive overall economy. Although Singapore's current economic climate managed to prosper, its people were weighed down with numerous issues like structural unemployment and the increasing income inequality. Hence, the Singapore administration came up with ways of retaining and owning a sustainable economic expansion in response to the issues.

Social Effects of Globalisation in Singapore

The sensation of Globalization is related to a double-edged sword. In world, globalization gets the power to aggravate or alleviate existing cultural issues.

Globalisation in Singapore has caused a great deal of public problems. There can be an upsurge in gamblers and the establishing of the two casinos in the past year has caused a rise in the amount of problem gamblers. Addititionally there is an increase lost of national identity in youths as they are introduced to the exterior world and begin to re-locate of the united states. It has additionally afflicted Singapore's culture as foreigners bring in several cultures and people in Singapore, especially the young ones have grown to be more inclined towards Traditional western culture and may not appreciate the Asian culture just as much anymore. As more people immigrate abroad, there will be fewer Singaporeans to guard the country. When more foreigners immigrate to Singapore, it will further worsen the condition of ageing human population in Singapore as well. Globalisation in addition has caused an elevated difference in the income of the well off and not so well off people.

However, globalisation has also helped Singapore in a great many other different ways. Globalisation encourages Singaporeans to increase their knowledge and update their skills to maintain with the ever before changing world and the developments of technology. The casinos also have improved Singapore's overall economy as it allures a lot of travellers. Foreigners bring in abilities that can also enhance the standard of the labor force in Singapore. Therefore, globalisation may bring both positive and negative results to the world in Singapore.

Foreign Workforce in Singapore

Foreign workforce in Singapore refers to the non-cititzen labor force in Singapore.

As Singapore globalizes, more and more foreigners are coming into Singapore as there's a need for foreign labor force in Singapore so as to sustain the overall economy of Singapore and also for the benefits associated with improving our workforce as Singapore globalizes and becomes a worldwide trading hub, there's a need to boost and sustain our workforce insurance firms a foreign workforce.

Foreign workforce in Singapore is divided into two parts: the skilled labor force and the unskilled labour. Unskilled labour identifies unskilled staff who mainly work in the processing, construction, and local services sectors. The majority of them come from countries such as India, Bangladesh, Sri Lanka, the Philippines, and Thailand, within bilateral contracts between Singapore and these countries. Skilled workforce identifies foreigners with professional requirements or acceptable levels working at the higher end of Singapore's overall economy (Yeoh, 2007).

According to statistics from the Financial Times in 2010 2010, it suggests that the overseas workforce make up about 34% of Singapore's people, thus, demonstrating that Singapore has a large foreign workforce.

Skilled personnel and professionals accounted for 13. 4% of Singapore's total international labor force, while unskilled labourers accounted for 86. 6% of Singapore's total foreign workforce.

Research Methodology

We does our research using the internet, newspapers and many books which were within the reference portion of the National Collection. We have our research and found information from online journal articles and message boards through the net. We also found information from other resources like magazine accounts as well.

Analysis of Research

Skilled Foreign Expertise Workforce

Foreign talents in Singapore come to Singapore with the knowledge from other country and take up careers that want special training for its satisfactory performance. They usually have high qualifications and know-how in their job field. Their regular income has already the very least threshold of S$2500. Technical engineers, accountants, scientists and folks from the study and development domains are examples of the skilled labor force foreign talents make up in Singapore. They mainly come from more developed countries like China, Hong Kong, Macau, South Korea and Taiwan. Specialized occupations including neurosurgeons and doctors make up for the job knowledge Singaporeans lack.

Unskilled Labour Workforce

Immigrants from countries like Bangladesh, Sri Lanka, Malaysia, India, Indonesia, Thailand, Myanmar, Philippines and Pakistan come to Singapore and fill up lowly skilled careers that require basically no training or experience because of its satisfactory performance. Singaporeans are unwilling to take up these lowly skilled careers as they do not sound attractive, have low wages, long working hours and require huge amounts of manual work. Such jobs include creation, shipyard and shipbuilding, structure and services, as well as in private homes as live in domestic personnel. Foreigners constitute 45% of the processing workforce, and 61% of the building labor force. Unskilled labourers with regarded skills and requirements earned about S$1800 every month. Unskilled workers constitute nearly all Singapore's foreign workforce.

Comparison between Skilled and Unskilled Workforce

1. Safety

Skilled

Skilled immigrants are highly valued as they are very important to the country's expansion. They are cared for with great esteem and are looked after when they come to Singapore. However, whether it be skilled or unskilled labor in Singapore, everyone is looked after properly and the government keeps the area as safe as it can be, keeping the criminal offenses rate as low as possible. The government maintains a stable and peaceful world and cares for the people's safe practices, whether it is locals, skilled or unskilled immigrants.

Unskilled

Majority of the unskilled labor force in Singapore is not asked by the Singaporean federal to work in Singapore. Somewhat, they come to Singapore on their own searching for jobs to support their families back in their homelands. Upon arriving in Singapore, they usually acquire jobs that do not require much skills or knowledge. Since these foreign employees do not focus on any key areas, they carry less importance to Singapore's economic growth, hence they aren't as secured by the government when compared with the skilled labor force in Singapore. The population of unskilled labor force in Singapore, though, still lead generally safe lives in Singapore all together. Although there are still various risks involved in the kind of work these unskilled foreign employees do like building works. Therefore, they aren't as covered by the Singaporean federal as the skilled overseas skills are.

2. Housing

Skilled

Skilled immigrants are given privileges unskilled immigrants do not have. Skilled immigrants with university degrees, professional enough to carry high ranks in the company, high qualifications, have the ability to bring in their family into the country so long as their family members meet the criteria for a dependant forward and they don't need to pay levies (Yeoh, 2007). The federal government also has regulations for such foreigners to gain citizenship more easily as well.

Unskilled

In conditions of housing, the unskilled workforce in Singapore do not get to stay in comfortable properties, as do the skilled labor force in Singapore. Generally, these unskilled international workers live in simple rooms, with not much in them. There is no need for luxurious accommodations, as most of them only stay for a brief time period to work in Singapore, , nor stay static in Singapore entirely. However, in a few extreme cases, lots of these unskilled foreign personnel are crammed into a little apartment with poor living conditions. These workers have much to put up with in conditions with their living conditions; hence not all of these workers reach live perfectly. Therefore, when compared with the population of skilled international labor force in Singapore, the populace of unskilled foreign workforce does not live as pleasantly, instead, they may be subjected to worse living conditions.

3. Types of Jobs

Skilled

Foreign abilities in Singapore possess professional skills in their individual fields. Due to Singapore's limited resources and low beginning rates, there's a need for foreign talents to help the united states match the economy expansion and its desires for reaching out to the global overall economy. They fill jobs that want skills which local people lack. With the lack of skills, Singapore will never be able develop and improve, which points out the need for foreign talent in Singapore's world. In 2006, close to 13. 4% of foreign employees are skilled. They take up high ranking jobs in sea industries, research and development, developing and so many more which require specific skills or knowledge.

Unskilled

The unskilled or semi-skilled foreign labor force in Singapore often takes up careers such as construction workers, maids, garbage men. It is because these careers do not require prior or extra knowledge to complete, and these employees can be easily educated to do these careers.

4. Healthcare

Skilled

Healthcare in Singapore is normally well looked after, whether it be for the skilled or unskilled workforce. Germs have the ability to spread and it would not be nice when diseases are propagate around the country. Healthcare services are easily available in Singapore. However, there are no health care subsidies for international immigrants. This is due to the fact that the federal government wants to influence the locals to aid and encourage the immigration insurance policy.

Unskilled

In general, overseas workers that are categorized as the category of being unskilled or semi-skilled have health assessments conducted by the Singaporean authorities once in a while, to ensure that these workers are not having any dangerous diseases that could potentially pass on to other Singaporeans and cause a pandemic (Yeoh, 2007). By making certain these foreign workers are relatively healthy, the Singaporean federal is also keeping Singaporeans safe, hence the express of health of the unskilled or semi-skilled workforce in Singapore is important to the government.

5. Country of Origin

Skilled

Foreign skills in Singapore come from countries like United states, Britain, France, Japan, South Korea and Australia (Yeoh, 2007). Skilled foreigners will come to Singapore for various reasons. They come to Singapore and treat her as a stepping rock to progress towards better expanding and more successful companies in other countries like america of America. However, there's also some skilled immigrants who come to Singapore as a result of better living conditions. They are able to bring their members of the family to Singapore, where there is good education and medical care. They are not as respected in their country when compared with in Singapore because of the fact that we now have individuals who are better than them, so they come to Singapore to move forward, where they will be valued greatly because of their knowledge and skills.

Unskilled

Unskilled or semi-skilled overseas staff in Singapore usually come from countries such as China, Bangladesh, India, Philippines, and Indonesia. It is because the cost of labour from these countries is cheap, as compared to the cost of hiring skilled overseas talent. These staff are prepared to work irregular time under tough conditions to provide for their families back their homelands. Workers which come from Bangladesh and India are construction workers most of the time, and workers which come from Philippines and Indonesia work as maids the majority of the time.

6. Salaries

Skilled

Skilled immigrants in Singapore regular monthly salary begins from about $2500 and can be more than $7000 (Yeoh, 2007). This is because they may have valuable skills that can help companies in gaining profits. They have professional skills locals do not have and hence, they could be successful when they come to Singapore.

Unskilled

In assessment with the population of skilled overseas labor force in Singapore, the populace of unskilled foreign labor force in Singapore has generally lower incomes, usually below $2500 (Yeoh, 2007). This is because these foreign workers do not bring to Singapore new skills or new knowledge that will help Singapore to grow economically, hence their labour is much less valuable as the abilities and knowledge that foreign talents bring to Singapore. Also, these staff get low pay because they are willing to simply accept these low pays off, hence their gives often do not increase. Therefore, unskilled overseas workers have lower incomes than skilled overseas talents.

Advantages and Cons of Foreign Labor force in Singapore:

Advantages of the Foreign Labor force in Singapore:

The foreign labor force is essential for Singapore's financial progress and development. The international labor force in Singapore is divided into two segments, foreign talent and international employees. The Singaporean administration has always stressed the importance of immigrant staff to Singapore's current economic climate and development.

With the occurrence of the international workforce in Singapore, there is exposure to exterior influences like cultural exchange. It really is a distinctive feature of Singapore, and allows local Singaporeans to interact with the foreigners that come into Singapore from different parts of the globe, with different backgrounds and cultures. This hence allows local Singaporeans to comprehend these foreigners more, which contributes to a knowledge of different cultures and backgrounds. With better relations between both attributes, this will lead to more opportunities for business deals between foreigners and Singaporeans, as you will see respect of each side's civilizations and dissimilarities, hence leading to Singapore's economic expansion and development.

The interaction between the local people and foreigners also helps improve the awareness of local people of the various cultures. This allows the locals to apply racial tolerance in their daily lives which encourages racial harmony is Singapore's multi-racial world.

Singapore aims to be always a lively multi-cultural global trading hub dealing with people from a diversity of cultures and backgrounds. This factor will draw in more foreigners to create companies and businesses and invest in Singapore, which will provide more job opportunities for local Singaporeans.

Singapore's main learning resource has always been its people. However, as Singapore has a minimal delivery rate and Singapore's main learning resource of men and women has been depleting in the modern times, there is a dependence on more highly-skilled international workers to fill the highly-skilled jobs. This will likely also help develop Singapore into the "talent capital" of the global economy.

Advantages of the Skilled Workforce in Singapore

The skilled labor force in Singapore, also called foreign talents, identifies highly-skilled foreigners with professional skills or acceptable certifications working at the higher end of Singapore's market.

With so many international talents coming in to take up highly-skilled jobs with high salary, this is a source of competition for local people. Many locals believe that these foreign talents, who are more lucrative in their careers, are snatching their careers and source of income from them. Along with the highly-skilled foreign abilities, there will hence be less job opportunities for local Singaporeans.

Based on research conducted by the Nanyang Technological College or university (NTU), three out of four jobs before five years went to foreigners. This can stimulate local Singaporeans to execute better in their jobs, and pushes them to seek self-improvement, to complement up to the standards of the highly-skilled foreign talents. This is brought on by the sense of competition for jobs between them and the overseas talents, making them want to put in more effort, so that their jobs will be anchored. Local Singaporeans feel challenged by these highly-skilled individuals, and this will lead to improvement and higher efficiency of jobs as they will strive harder to do better than the foreigners, thus resulting in an improvement in Singapore's economic expansion and development too.

With Singapore's current economic climate prospering and growing, this will in turn attract more international branches and companies to purchase Singapore, as Singapore has an evergrowing position as a regional and local global trading hub. Therefore, overseas talents, also called the very skilled personnel, will lead to Singapore's financial expansion and development, as it actually pushes local Singaporeans to get self-improvement. With more of these foreign talents arriving to Singapore and taking on highly-skilled jobs, it can help in Singapore's economic expansion and development.

Given Singapore's aspirations to become a major player in a globalized world, Singapore's main economical strategy is based on being home to a highly-skilled labor force, which is consisted of the highly-educated local Singaporeans, together with the foreign skills in Singapore. Therefore, the highly-skilled overseas workforce is essential to Singapore for economic development and development.

The presence of foreign talents will lead to Singapore's financial expansion and development, as they bring new knowledge and knowledge to Singapore, and help improve the productivity and efficiency of local Singaporeans by giving such new knowledge. This leads to Singaporeans learning and developing new skills, so that Singapore can improve and be more competitive in the global market, hence resulting in Singapore's economic progress and development.

Advantages of the Unskilled Workforce in Singapore

The unskilled workforce in Singapore, also known as foreign workers, make reference to semi-skilled or unskilled employees who mainly work in the manufacturing, construction, and local services sectors.

In Singapore, international workers are needed to take up jobs that local Singaporeans won't take up, due to the fact that these jobs are low-skilled careers with low wages and unusual working time, for example, construction workers, toilet cleaners and highway sweepers. However, these jobs must maintain Singapore in its clean and orderly condition, and ensure that Singapore will continue to prosper, increase and develop. Therefore, it's important that we now have people to fill such job positions. As local people won't take up these jobs, foreign employees are had a need to take them up. Only if Singapore is within its clean and orderly condition, and has new properties and improvements, with a solid workforce, it could be regarded as a potential market to invest in, and attract overseas companies to create businesses in Singapore.

Furthermore, if overseas workers are available in handful here, more companies will be willing to create their manufacturing plant bases in Singapore, as they can seek the services of these foreign workers to help them, with lower pay and longer working time. This hence causes Singapore's economic development.

Therefore, the international workforce is vital for Singapore's financial growth and development.

Disadvantages of the Foreign Labor force in Singapore

A large most Singaporeans believe that foreigners are putting up stiff competition for careers in Singapore, hence intimidating the livelihoods of Singaporeans. Local Singaporeans believe that the foreign workforce in Singapore is snatching away careers and their source of income from them.

Based on research conducted by the Nanyang Technological University (NTU), three out of four careers before five years were adopted by the foreign workforce. With a growing number of careers being adopted by the international workforce in Singapore, the unemployed, especially singular breadwinners, will struggle to support their own families, resulting in more families being in a state of poverty without jobs. This brings about Singaporeans becoming increasingly worried and concerned over the issue of the overseas workforce overtaking the available high-skilled jobs in Singapore, leaving them with only low-skilled jobs.

Additionally, due to a lack of public integration between local Singaporeans and foreigners, this will lead to discrimination of the overseas workforce by locals, with increasing dislikes between the two people. Many Singaporeans curently have preconceptions of international workers, as they don't have enough connection and knowledge of the foreign personnel in Singapore, which is due to too little social integration, which can lead to future discord.

A lack of social integration brings about negative generalisations made towards international workers, with out a clear knowledge of them. Such negative generalisations will lead to the argument between Singaporeans over the problem of the need of foreign employees in Singapore, as they generate both advantages and disadvantages to Singapore, and such debates will make foreign workers disappointed too. It might cause tension between parties if such negative generalisations are continually believed in, which might lead to future conflicts as well.

Disadvantages of the Skilled Workforce in Singapore

With the skilled workforce, also known as foreign skills, in Singapore, local Singaporeans feel threatened that their source of livelihood is being taken away by individuals who are not even Singaporeans. This triggers Singaporeans to own less careers to choose from, leading to Singaporeans' discontent for the foreign highly skilled workers. This in turn causes a lack of social integration between your foreigners and local Singaporeans, and they will not have the ability to bond together as you Singapore. Hence, both functions will be disappointed with one another and the foreigners will not be able to assimilate into Singapore's society despite employed in Singapore for quite some time. This might lead to future discord and disagreement with Singaporeans about the influx of the overseas workforce in Singapore.

Therefore, foreign labor force will lead to cons in Singapore too.

Locals' views towards foreign workforce

Now, in Singapore, 34% of Singapore's 4 million strong populace are in fact foreigners. Despite having been around in Singapore for decades, spending so much time to earn a living for their individuals back, some local people are uneasy with them, some are prejudiced against them, while some have little or nothing against them. However, despite some local Singaporeans not approving of experiencing foreign labor force in Singapore, and being prejudiced resistant to the foreign workforce in Singapore, and not treating foreign labor force as equals, you may still find people who approve of it and think that the foreign workforce is essential and essential to Singapore as whether it be skilled or unskilled, they donate to Singapore economically and socially.

Singaporeans are aware of the increase of international labor force in Singapore. You will find both positive and negative views of the foreigners.

Singaporeans are aware that they are able to learn a great deal of information things culturally as they talk to these foreigners. This permits these to learn things they often wouldn't normally have learnt and allows them learn new things while working that may promote racial harmony in Singapore as individuals are more culturally sensitive towards each other.

Singaporeans are also aware that international staff help create careers for the coffee lover as they come to Singapore with international companies which will be able to create more job opportunities for locals. Foreign personnel also produce more effective ways of working so productivity can be increased. This will help Singapore to not only progress, but also to boost even more quickly and match the rest of this ever before changing world. This allows the Singapore companies to learn from them and get valuable information of their expertise, thus having the ability to help Singapore to press forward and change when there is a need to.

In some cases, having an experienced workforce also helps the locals to work better. This is because everyone has a natural tendency to wish to accomplish much better than others, therefore, the existence of foreigners will spur the Singaporeans to want to work better than their foreign counterparts and so improving the output of that company and Singapore all together.

Singaporeans are also thankful that there are unskilled foreign workers to help fill up jobs that are avoided by many Singaporeans, especially the youths, as they are picky about careers and if the job does not offer an income they understand as acceptable, they won't take up the job. These jobs usually do not require any prior training, and therefore, have low salaries and unusual working hours, leading to these careers being shunned by those finding employment and in the end, these jobs are remaining to the unskilled overseas personnel to take up.

However, there is still disapproval of having foreigners in Singapore. Some Singaporeans are also miserable about foreign labor force in Singapore as they see them as competition for jobs. They lose their careers when they are not competent enough and when the company prices foreign talent. Whenever a certain industry contains mostly foreign staff, local people also feel discouraged from taking up careers in the sector as they are afraid to be the minority. In addition they start to think that foreign skills are full of themselves.

However, even then, lowly-educated local people are disappointed as foreigners also eliminate their jobs and more uneducated local people become unemployed. Locals also begin to stress that they soon have to also contend with the foreigners for jobs, housing, health care and other needs. They see the increase in foreign immigrants and the reason behind increasing property prices. To create things worse, foreigners are getting similar benefits as locals as well.

Having unskilled international employees commonly in a certain neighborhood could also cause people who stay static in that area to feel uncomfortable and insecure as there is the common conception that these foreign workers may be a criminal or may turn into one. This has induced many Singaporeans to feel disappointed when there is a dormitory for foreign workers setup in their area as they find them a nuisance as they loaf around the home areas.

Gradually, it includes caused many people being prejudiced and discriminating against the foreign workforce in Singapore.

Foreign workforce's views on locals

Foreign immigrants come to Singapore in search for better careers and living conditions. However, some are welcomed while some are not treated well. Singaporeans have stereotypes for foreigners and they are prejudices against foreigners as most local people see them as delivering more problems into Singapore.

As a result, social integration of these foreigners into Singapore is not very good and the international workforce here in Singapore don't have the chance to integrate into Singapore's modern culture and mix around scheduled to these views that Singaporeans have of them. They have difficulty integrating into the society because of the language hurdle, the difference in culture and life-style. Despite their work to combine, they face frigid and unfair treatment by Singaporeans. Despite all of this, they need to cope with making it through in a fresh international place and their work.

However, despite all that, there are still people in Singapore who approve and think that the influx of international workforce into Singapore is essential and important for Singapore's success and economic progress if Singapore desires to become local and global trading hub. The unskilled labour will also take the careers that Singaporeans don't want but are vital to keep Singapore in its clean and orderly state. Only with these careers done will Singapore be progressing and preserving its orderly express which will all donate to Singapore's economic growth. Thus, some Singaporeans welcome foreigners and treat them effectively.

Therefore, there are merged views towards the foreign workforce in Singapore.

Conclusion

The many opportunities and resources being common has always been a strong good thing about globalization. However, the rapid speed at which globalization is occurring and its own unintended consequences are actually detrimental to society to a certain extent and brought on problems which requires federal treatment to be fixed. In Singapore, Globalisation has led to issues like the significant influx of a wide array of overseas workforces in Singapore, which has both advantages and disadvantages towards Singapore. Additionally it is apparent that Singaporeans have discerning views towards this issue. Some feel they aid our current economic climate nut others think they expose competition and cause cultural problems.

Globalisation aids in accumulating a competitive and proficient human population. However, its dire effects bring in regards to a host of problems which, if spirals out of control, can outweigh this. The pressure is hence on the Singaporean administration to strike an excellent balance between achieving the full advantages of globalization and countering the inevitable side-effects.

Limitations of Research

Not all options are reliable and appropriate even though we were doing our research, there have been many biased studies found on the foreign labor force in Singapore especially in discussion boards and there tend to be more emphasis on negatives compared to advantages as they were written by people with biased views into the foreign workforce in Singapore. The resources conflict one another sometimes especially because the statistics as they are used by different surveys with different people and it was hard to find statistics that were precise and correct that could be respected. Therefore, we were worried that not all the info and research we performed were reliable and accurate. We also cannot find appropriate interviewees for firsthand accounts.

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