Globalization and Labor

doi:10.1628/978-3-16-165419-0

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Globalization and Labor

Edited by Horst Siebert

[Globalisierung und Arbeitsmärkte. Herausgegeben von Horst Siebert.]

1999. VIII, 320 pages. unrevised ebook edition 2025.

DOI 10.1628/978-3-16-165419-0

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Is globalization the villain of labor market problems?

Experts of various countries discuss the effects of globalization on labor markets. In theoretical and empirical terms, they analyze various issues of this subject, which has much relevance for economic policy. Globalization means moving towards an integrated world economy through more trade and intensified factor mobility. It implies that new regions like China and Eastern Europe are being integrated into the world economy. Therefore, globalization increases the adjustment pressure on national economies as goods prices and factor prices are converging across countries. While some will gain from globalization, there are also losers. In industrialized countries, it is unskilled labor that is most likely to lose. Is globalization at the root of unemployment in Europe and of widening income inequality in other industrialized countries? What are the implications for economic policy? Should nation states employ a defensive or an offensive strategy? Or is there no room left for national policy?

Table of contents:

I. Towards an Integrated World Economy
Richard E. Baldwin/Philippe Martin: Two Waves of Globalization: Superficial Similarities, Fundamental Differences
II. Macro- and Micro-Evidence on International Factor Mobility
Tamim Bayoumi: Is There a World Capital Market? - James R. Markusen: Global Investment Liberalization: Effects on Labor and the Location/Agglomeration of High-Tech Activities and Production
III. Adjustment Pressures on Labor Markets
Edward E. Leamer: Competition in Tradables as a Driving Force of Rising Income Inequality - Jonathan E. Haskel/Matthew J. Slaughter: Technological Change as a Driving Force of Rising Income Inequality - Michael C. Burda/Barbara Dluhosch: Globalization and European Labor Markets - Deepak Lal: Globalization: What Does It Mean for Developing and Developed Countries?
IV. Policy Responses
Jagdish Bhagwati: Globalization: Who Gains, Who Loses? - Oliver Lorz: How to Improve Locational Competitiveness - Hans-Werner Sinn: Wage Differentiation and Share Ownership to Counter the Domestic Threat of Globalization - Vito Tanzi: The Demise of the Nation State?