The Implications of trade liberalization on labour market dynamics: a comparative analysis

Abstract

This study examines the implications of trade liberalization on labour market dynamics, focusing on its effects on employment, wages, and industry growth. Through a comparative analysis, the research explores both the positive and negative outcomes of trade liberalization on various sectors, with a particular emphasis on vulnerable workers and industries. The findings reveal that while trade liberalization can stimulate economic growth and create job opportunities, it also leads to job displacement, wage inequality, and sectoral imbalances. The study highlights the importance of policy interventions, such as skill development programs, inclusive economic policies, and robust social safety nets, to mitigate the negative effects and ensure that the benefits of trade liberalization are distributed equitably across the labour market. By providing evidence-based recommendations, the research aims to inform policy decisions that balance the advantages of globalization with the need for a fair and resilient labour market.