• Sangeetha Thomas

The effect of globalization has always been a subject matter of research especially on its impact on developing and least developed countries. Various studies and reports concentrate on the various benefits as well as challenges posed by globalisation with reference to developing as well as least developed nations. However, the antipathy and prejudice towards globalization is not limited to developing and least developed countries but is also present among developed nations for varied reasons. Developed nations especially countries like United States of America tend to tighten their national policies with regard to trade on the ground that such developed and industrialised economies have upon the advent and growth of globalization lost a major and substantial portion of labour intensive manufacturing corporations from their countries. This is mainly because globalization and various organisations such as World Trade Organisation have focussed only on the free movement of goods and capital but not free movement of labour. This has resulted in the shift of labour intensive manufacturing companies from industrialised economies to developing economies where labour cost and all related factors are lower has developed economies. This has led to wide discontent in many developed countries as well as disparity between various developed countries. The paper shall discuss the various reasons and grounds for discontentment of globalization among the developed nation with specific reference to labour intensive manufacturing sector, thereby leading to trade wars among nations.

Globalization, labour cost, developed economies, developing economies, discontentment of globalization

"Globalization and Trade War", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.6, Issue 6, page no.370-374, June 2019, Available :http://www.jetir.org/papers/JETIR1908996.pdf

"Globalization and Trade War", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.6, Issue 6, page no. pp370-374, June 2019, Available at : http://www.jetir.org/papers/JETIR1908996.pdf