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CHAPTER 2 Economic Globalization and Its Effects on Labor Chrisy Moutsatsos This chapter examines contemporary labor trends in the United States and else- where as they are shaped by economic globalization. Globalization is a term cur- rently used to refer to everything from international trade, migration, and tourism, to the distribution of American popular culture to the rest of the world. Globalization and the strong economic connections between various regions of the globe are not a new phenomenon. What is new is the fact that since the 1970s most preexisting economic, social, cultural, and political connections between various nations are intensifying as the movement of goods, services, capital, culture, and people across national boundaries is speeding up at an unprecedented rate [1, 2].
Neoliberal(thought(and(the(AmericanDbased(economic(policies(ithas(inspired(have steadily(impacted(the(global(economy,(and(especially(the(international(division(of
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