Author: D. Greenaway Publisher: Springer ISBN: 0230582389 Category : Business & Economics Languages : en Pages : 227
Book Description
Although economists have long pointed to the aggregate gains from increased economic integration, the popular perception of globalization is much more pessimistic. Workers feel less secure in their jobs and fear wage losses and unemployment. This book explores these issues, and asks whether the concerns are warranted.
Author: D. Greenaway Publisher: Springer ISBN: 1403920184 Category : Business & Economics Languages : en Pages : 256
Book Description
Globalization and the growing integration of national markets have had profound effects on the operation of markets, not least labour markets. In this book, a range of leading commentators on globalization and labour markets present original contribution on the interaction between these two areas. This book assesses the impact of globalization on trade, cross-border investment and migration from both a theoretical and econometric standpoint and discusses the possible applications of this analysis for both industrialized and developing countries.
Author: David Greenaway Publisher: ISBN: Category : Languages : en Pages : 0
Book Description
Over the last two decades there has been a significant deterioration in the labour-market outcomes of less-skilled labour in most OECD countries. This has manifested itself either in terms of a decline in wages relative to the most skilled, or in terms of the relative likelihood of being in work. Much recent research has focused on the impact of trade and skill-biased technical change as alternative explanations of the phenomenon; some has also investigated the role of cross-border investment and migration. This paper reviews recent research on globalization and labour-market adjustment and sets the scene for the papers that follow.
Author: Carl Davidson Publisher: ISBN: Category : Languages : en Pages : 0
Book Description
In this paper we argue that the flexibility of an economy's labour market plays a role in determining the gains from trade liberalization, the level of short-run adjustment costs, and the relative value of these two measures. To do so, we describe the model introduced in Davidson and Matusz (2000) which allows us to solve for adjustment costs when workers vary according to ability and jobs differ in terms of the skills that they require. We then report results based on simulations of this model. We find that economies with sluggish labour markets have the least to gain from liberalization. The reason is that while the removal of trade barriers creates large benefits, they are almost completely offset by large short-run adjustment costs. In contrast, we find that with either very flexible or very slothful labour markets the gains from liberalization are always significantly larger than the short-run adjustment costs.
Author: E. Kwan Choi Publisher: Wiley-Blackwell ISBN: 9780631224105 Category : Business & Economics Languages : en Pages : 224
Book Description
Interactions between the globalization process and labor market adjustment have been the focus of a major research programme in recent years. This volume contains papers by leading trade analysts on all aspects of these interactions embracing theory, empirical evidence and policy dimensions. Contributors include Alan Deardorff, Ronald Jones, Rod Falvey, John Whalley, Doug Nelson and Lars Lundberg.
Author: Susan Horton Publisher: World Bank Publications ISBN: Category : Developing countries Languages : en Pages : 86
Book Description
This overview of a symposium on labor markets and adjustment concludes that: (1) real wages are more flexible than generally supposed, (2) labor reallocations across sectors have been more or less in the desired direction, and (3) the role of labor unions, generally supposed to be an impediment to adjustment, is more subtle than generally supposed.
Author: Olga Memedovic Publisher: Springer Science & Business Media ISBN: 1461562295 Category : Business & Economics Languages : en Pages : 345
Book Description
To the classical driving forces of migration such as poverty, oppression and war, yet another is being added: globalization. With the increasing economic interdependence between countries migration has become one of the important links. Many less developed countries (LDCs) accept migration of their workers to developed countries (DCs) because it reduces the pressure on unemployment, and remittances increase the capital inflow to the country. On the other hand, some of the DCs see migration as a threat to their employment and system of social security. Participants of the Second Annual Workshop of the Network EU-LDC Trade and Capital Relations gave a broad view of the problem which both DCs and LDCs are facing in connection with the globalization of labour markets. This volume consists of 10 chapters by scholars from the European Union (EU) and LDCs. Each paper is discussed in terms of its policy relevance by a policy maker as well as by an academic specializing in the field. In the opening chapter we aim to do justice to the discussion during the Workshop in Rotterdam in May 1995 at which preliminary versions of all chapters were presented. Edited versions of the interven tions by the policy makers and experts are included as far as possible af ter the chapters. The opinions expressed in this volume are those of the authors and not necessarily those of their organizations.
Author: Rafael Dix-Carneiro Publisher: ISBN: Category : Languages : en Pages : 0
Book Description
We study the role of global trade imbalances in shaping the adjustment dynamics in response to trade shocks. We build and estimate a general equilibrium, multi-country, multi-sector model of trade with two key ingredients: (a) Consumption-saving decisions in each country commanded by representative households, leading to endogenous trade imbalances; (b) labor market frictions across and within sectors, leading to unemployment dynamics and sluggish transitions to shocks. We use the estimated model to study the behavior of labor markets in response to globalization shocks, including shocks to technology, trade costs, and inter-temporal preferences (savings gluts). We find that modeling trade imbalances changes both qualitatively and quantitatively the short- and long-run implications of globalization shocks for labor reallocation and unemployment dynamics. In a series of empirical applications, we study the labor market effects of shocks accrued to the global economy, their implications for the gains from trade, and we revisit the "China Shock" through the lens of our model. We show that the US enjoys a 2.2% gain in response to globalization shocks. These gains would have been 73% larger in the absence of the global savings glut, but they would have been 40% smaller in a balanced-trade world.
Author: D. Greenaway
Author: D. Greenaway
Author: Joana Silva
Author: David Greenaway
Author: Carl Davidson
Author: E. Kwan Choi
Author: Susan Horton
Author: Olga Memedovic
Author: Rafael Dix-Carneiro
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