Globalization has many benefits but as with everything in life the purpose for which a concept started later on becomes distorted and corrupted and then no longer serves its original purpose. One of the negatives of globalization is that it has managed to break interdependencies among communities. So let us say in a village context some persons immigrated to a village to do primarily business and they had access to goods via their networks globally outside of the village. It meant then that as these persons come in and start to do business they dilute the way of life of the villagers. Interdependency that was once strong among the people starts to erode. So villagers might develop the habit of saying I am not going to contribute to local production because I can get products from overseas. Therefore I don't need to depend on my fellow villager anymore. When a villager depended on their fellow villager for their contribution (skill set, knowledge, etc) a level of respect towards one another was evident. For example someone with healing skills (e.g. herbalist or bush doctor) would not be easily harmed because if done and that skill set was limited, villagers getting ill would have an issue getting healed.
Bernard Lietaer said: "While economic textbooks claim that people and corporations are competing for markets and resources, I claim that in reality they are competing for money - using markets and resources to do so." So today the focus is not really on serving human needs via trade but the focus is on getting money. One of the only legal ways of doing so, unless you are a central or commercial bank, is via trade. Within trade there are also many practices that do not allow human labor to get its fair share. This is to increase profit. Taxes on human labor (wage tax) compound this issue as well. Full employment can never thus occur in a profit centric environment.
My research has revealed that the more money and profit industries pursue the higher the unemployment rate goes. Today, many companies and banks are sitting on piles of cash sitting idly while the unemployment rates are at record highs. In addition, the two main contributors of wholesale unemployment are: Technological unemployment and the outsourcing of work overseas where labor is "perceived" to be cheaper. Through machines (mechanization) and automation many jobs once performed by humans are no longer needed. And jobs that have not yet been automated are shipped overseas to places like China, India, Vietnam, etc. Researched has also shown that the globe has stabilized as it pertains to production. To keep the present rat race money system going, things are deliberately made to break down within a short period of time. This as a consequence is leading to resource depletion. So the wasting of copper, aluminum, oil, etc is resulting that the same level of production growth and thus economic growth seen in the past cannot be achieved and is also unsustainable on a planet with finite resources. Of course resource depletion will benefit some corporations once the supply gets less. Prices are affected by supply and demand and the more demand there is in relation to supply, prices go up. In such an environment, mergers and (hostile) takeovers of companies will likely take place making the number of suppliers less and thus further price increases will occur.
Through extensive research done by the North American Technate TNAT Technocracy design group, they came up with a potential new system with some of the following benefits: one would be able to work from the age of 25 and retire at 45, work for a 165 days per year, have 78 vacation days, and work in a shift system where 4 hours working shift a day can be the norm. The use of energy certificates rather than the use of money would be part of this system. Could you imagine your purchasing power increasing from year to year rather than decreasing as it is now through inflation? That is just one of the benefits of replacing money with energy certificates. From my review and understanding of such a system the benefits for mankind and the earth in general would be immense. However, I don't see such a system ever occurring in this lifetime or at least not in mines even though we already have all that is needed to make such a system a reality in the next few years. The majority of the world's population is holding on to an outdated social, economic, and financial system therefore the status quo will remain and thus will limit us from achieving such a new paradigm shift.
It will be interesting to see how this wholesale unemployment phenomenon with its new, never before experienced, context will affect the entire world who still gravitates to the concept of go to college to get a good/high degree, accumulating high amounts of debt in the process, to get a good paying job will pan out for many in years to come. Many higher education degrees actually have a negative return on investment. The evidence can be seen with the many graduates in America who sit on the unemployment line or they are underemployed while their debt accumulates exponentially from interest payments due that accrues and thus grows faster than the rate of inflation.