Economics · Economic Liberalisation
Which of the following has been a notable effect of economic liberalisation on employment patterns in developing economies?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1An immediate increase in unemployment rates across all sectors without recovery
- 2A significant decrease in employment due to the automation brought by foreign investments
- 3A shift towards more service-oriented and knowledge-based job opportunities, with varying impacts on wage levels✓
- 4The creation of a large number of high-wage, skilled jobs, completely eradicating unskilled labour
Correct answer
A shift towards more service-oriented and knowledge-based job opportunities, with varying impacts on wage levels
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