Question

Describe international events that could affect the number and types of jobs in a country

Answer 1

Answer and Explanation:

The international events that can affect the number and type of employment in a country are:

International crises: Crisis in the financial sector of partner countries can affect the availability of employment in another country in a very intense way. As we know, countries need to export products to each other, when one of the importers suffers a financial crisis and stops importing, there may be a decrease in the commercial production of the exporting country, which may close factories and stop the production of products as a result.

Political instability: It can cause the same as international crises, mainly due to the devaluation of the currency that occurs in countries with instability.

Partnerships and political conflicts: Partnerships between countries promote great trade between them. This will mean that countries need to produce products and services in greater quantity and therefore hire more people. Political conflicts, however, can have the opposite effect. In addition, political conflicts between two countries may cause other countries to stop exporting products in support of the allied country.

Economic sanctions: These are impositions that the most powerful countries impose on the least powerful countries, preventing a certain product from being produced or exported. Without exports, the production of the product falls. This affects the number of producing companies and the number of job openings.