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Global 3000 | Changing Trade Patterns

1,849 views · Published 14 July 2009 · 5:56 · Indexed 20 September 2026

Channel: DW News · 2009 · News & Politics

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Globalization and free trade lead to greater competition on world markets - and that has both advantages and disadvantages. Side-effects such as outsourcing mean many people lose their job.So two years ago,the European Globalization Fund was set up to provide a European response to those adjusting to the consequences of globalization,acting as a sign of solidarity from those who benefit from open trade to those who face the sudden shock of losing their job.

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