• International trade can alter the composition of labour demand by increasing the demand for high-skill workers and by causing reallocation of employment from middle to top occupations, notes OECD.
• Trade with non-EU countries has led to the creation of millions of jobs in Europe. In 2017, the European Commission estimated that about 36 million jobs are linked to trade with non-EU countries. Being in the same single market has also led to more trade between EU countries.
• However, globalization might also be linked to some job losses. Nevertheless, the rate of job losses due to offshoring has decreased from 7% in the 2003-2007 period to 4% in the 2008-2010 period and continued to decline to under 3% in 2015-2016, notes the ERM annual report 2016.

| Related Megatrends: Technology; Inequalities; Demography; Education;