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Deregulation

Erwin Abdillah
Erwin Abdillah

Deregulation in many countries in the late 20th century allowed large multinational banks like Citibank to emerge and for employers to offshore jobs abroad for greater efficiency. As economies grew, businesses, consumers, and homebuyers took on increasing debt while banks freely lent money, fueling economic booms. Employers offshored even highly skilled jobs such as managers abroad for lower costs.

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Welcome to Human Resource Management Deregulation [ ]
In many countries, governments stripped away regulations.
In the United States, for instance, giant multinational financial supermarkets such as Citibank quickly emerged.
The search for greater efficiencies prompts many employers to offshore (export jobs to lower-cost locations abroad). Many employers offshore even highly skilled jobs such as sales managers, general managers, and HR managers.
As economies boomed, more businesses and consumers went deeply into debt. Homebuyers bought homes, often with little money down. Banks freely lent money to developers to build more homes
Wellhave you had experiences how easy to lend money from the banks? Next, lets try to understand how the nature of work changes in globalization!

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Deregulation

  • 1. Welcome to Human Resource Management Deregulation [ ]
  • 2. In many countries, governments stripped away regulations.
  • 3. In the United States, for instance, giant multinational financial supermarkets such as Citibank quickly emerged.
  • 4. The search for greater efficiencies prompts many employers to offshore (export jobs to lower-cost locations abroad). Many employers offshore even highly skilled jobs such as sales managers, general managers, and HR managers.
  • 5. As economies boomed, more businesses and consumers went deeply into debt. Homebuyers bought homes, often with little money down. Banks freely lent money to developers to build more homes
  • 6. Wellhave you had experiences how easy to lend money from the banks? Next, lets try to understand how the nature of work changes in globalization!