Which of the following statements accurately describe the impact of globalisation on labour and employment?
I. A new international division of labour means routine manufacturing is increasingly done in Third World cities.
II. The flexibility of labour often works against the producers.
III. For urban middle class youth, globalisation and the IT revolution have created new career opportunities.
IV. Job creation in Asia has kept pace with economic growth.
V. Traditional entertainers and craftspeople have seen their livelihoods threatened or lost.