How globalization influence the power balance between firms and employees

How does globalization influence the power balance between firms and employees? What consequences may this have on human resource management practices?

Key Readings:

Clegg. S., Kornberger, M. & Pitsis, T. (2011), Managing & Organizations: An Introduction to Theory and Practice, London: Sage. Ch. 15
Dicken, P. (2010), Global Shift: Mapping the Changing Contours of the World Economy, 6th edition, London: Sage, chapter 1, pp. 1 – 10.
Hirst, P. and Thompson, G. (1999), ‘Globalization: Frequently Asked Questions and Some Surprising Answers’, in Leisink, P (ed.) (1999), Globalisation and Labour Relations, Cheltenham: Edward Elgar, chapter 2, 36 – 56.

Further Readings:
Bartlett, C.A. and Ghoshal (2002), Managing across Borders: The Transnational Solution, Cambridge, MA: Harvard Business Review Press.