The case shows how Denmark is
balancing the globalization effects including labor movement and outsourcing
with its proposals on social welfare. The reforms on unemployment in the past
two decades have led to the formation of a new company and have enabled the
country to be among the top in doing business from international survey
reports. The case also shows the forged consensus of Danes in embracing
international trade as well as outsourcing. It provides continuous support for
skills improvement in the workplace. Lars Lokke Rasmussen the Prime Minister in
April 2009 aimed to balance the short-term responses towards global economic
slowdown alongside the planning of the labor market of Denmark and its
micro-economy. The efforts saw Denmark keeping its borders open to enable the
free movement of labor, services and goods.
Some of the key challenges facing Denmark include the creation of jobs, protecting employees and avoiding the development of permanent class among welfare recipients. Lastly, is the challenge of how to attract new industries as well as establish new employment and education programs? The decision of the Danish Government is according to the Danish Growth Strategy. The strategy aims to create more jobs and to boost productivity as well as encouraged other Danes to be part of the labor market. The strategy also aims at equipping the economy so as to add value to increasing value and investment to Krone. Thus, globalization theory presents new opportunities for the Danish industry and business and the whole Denmark. It is now one of the easiest nations in the world to start a business and its distributive policy, flexible labor market and progressive taxes do attract new and foreign firms to Denmark.
Sherry Roberts is the author of this paper. A senior editor at MeldaResearch.Com in custom essay paper writing if you need a similar paper you can place your order from custom research paper services.
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