Abstract
Globalization represents a defining phenomenon of the contemporary era. Due to its comprehensive dimensions and profound impacts, it has sparked extensive debate among scholars and policymakers regarding its terminology, conceptual framework, manifestations, substance, mechanisms, and objectives. The accelerating characteristics of this phenomenon are currently shaping the ""new architecture"" of the twenty-first-century economy. Under the increasing trend toward the international division of labor, various outcomes and advantages have emerged, reflecting the scale of transformations across the socio-economic spectrum of human societies. Consequently, analyzing the repercussions of globalization on developing economies—specifically its influence on labor markets—has become a paramount priority. This is particularly significant given the comparative advantage some developing nations possess, characterized by an abundance of low-cost labor relative to developed economies. Furthermore, the proliferation of information technology and the fluid mobility of capital have fundamentally altered the demand for specific types of labor and job opportunities. These shifts coincide with the receding role of the state in favor of market-driven dynamics and the expansion of unemployment across both developing and developed nations. In light of global fluctuations, technological advancements, and the massive flow of information—and the subsequent changes in production patterns and techniques—professions are undergoing rapid evolution. New occupations have emerged that require specialized labor equipped with multifaceted skills and knowledge. This has led to an increased demand for training and retraining, necessitating a strategic approach to address the deficiencies in education and employment policies. Such efforts are essential to confront the challenges posed by changing labor market requirements in terms of both the volume and quality of the workforce. This research serves as an endeavor to elucidate the impact of globalization on employment and unemployment, ultimately examining its specific effects on the Egyptian labor market.
DOI
10.33095/jeas.v16i60.1516
Subject Area
Economics
First Page
124
Last Page
157
Recommended Citation
Khader, I. A., & Salman, Z. H. (2010). Economic Globalization and Its Impact on the Egyptian Labor Market. Journal of Economics and Administrative Sciences, 16(60), 124-157. https://doi.org/10.33095/jeas.v16i60.1516
