Globalization doesn’t create jobs, it merely relocates the jobs to other economies. When a company moves operations to an economy with lower labor costs, it often employs the same number of workers in the new country and lays off the existing workers in the economy with higher labor costs.
Globalization and the increased flow of products and labour across borders has resulted in increased imports among nations with higher labour costs and increased export rates in economies with low-cost labor. As the import rate drops, the national job growth rate falls and the total volume of jobs contracts. Globalisation has not created more jobs, it has simply redistributed the existing jobs to other parts of the globe.