Proliferation of Globalization and its Impact on Labor Markets in Advanced Industrial Nations and Developing Nations.

The purpose of this paper is to provide insights into how the proliferation of globalization has impacted labor markets both in advanced industrialized nations and well as developing nations. Insightful analysis will be drawn from Oatley (2011) on division of labor, Jaumotte and Tytell (2007) on labor compensation, Hahn and Narjoko (2013) on the impact on South Asian Countries, Basu (2016) on wage as a share of GDP and Wallace, Gauchat and Fullerton (2011) on the impact of globalization and labor markets on inequality.