Globalisation has not reduced diversity in industrial relations Essay

Globalisation has not reduced diversity in industrial relations - Essay Example Thus there has been divergence in industrial relations in terms of labor market institutions and different approaches adopted by countries for structuring. All these facts help to support our argument that globalization has not reduced diversity in industrial relations. Globalization refers to only one connection system existing for the entire globe. Such a system can exist between commodity and capital markets and with respect to flow of information. With the emergence of globalization in the current period it can be termed as the global age (Cooper 2001). The era of globalization has allowed business houses to acquire investors from across borders and expand their businesses. Globalization has allowed countries to develop with spreading technologies and has helped to develop global capital markets (Blanpain 2009, 196). There has been internationalization of businesses mainly with promotion of international trade. But still it is found that globalization has not been that effective when it comes to industrial relations between Asian and Western countries. The strategies adopted for the industrialization and the role of the state has been different for both the type of countries. This has not let the two types of countries converge in terms of thei r industrial relations (De Silva n.d). The South Asian country, such as Malaysia, and the Western country of the United States can be cited as examples where globalization has not been able to reduce diversities that are concerned with industrial relations and has led to more divergence. The current paper tends to argue in favor of this issue through various findings and analysis. Globalization has invented and led to usage of technically advanced techniques for the countries, especially the developed countries. This has in fact led to more divergence between the developed Western countries and the