Dhaka, March 29 -- Globalisation and technical advancement are causing job losses and making employment precarious, a professor of a leading Dutch university observed.

"Globalisation and technical progress leading to job losses and precarious employment. The rules of globalisation and capitalism only serve elites who are owners of internationally mobile skills and wealth," said Syed Mansoob Murshed, professor of Economics of Peace and Conflict at Erasmus University.

He made the remark at a discussion titled 'Illiberal Democracy and Inequality in the Context of Globalization' at the University of Liberal Arts yesterday (Monday).

Professor Murshed examined the development of two distinct but interconnected phenomena encompassing both the...