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Human Capital and Adjustment to Trade

In: Globalisation and Labour Market Adjustment

Author

Listed:
  • Rod Falvey
  • David Greenaway
  • Joana Silva

Abstract

The labour market consequences of globalisation are controversial. Fears that the process of increased integration into world markets implies increasing job losses and downward pressure on wages are widespread, often resulting in demands for import protection. Growing concerns about the importance of such adjustment costs are evident in the policy community. This debate also has a direct consequence for policy: there have been recent reforms of the USA’s compensation scheme for trade-displaced workers and a new EU Globalisation Adjustment Fund has been created.

Suggested Citation

  • Rod Falvey & David Greenaway & Joana Silva, 2008. "Human Capital and Adjustment to Trade," Palgrave Macmillan Books, in: David Greenaway & Richard Upward & Peter Wright (ed.), Globalisation and Labour Market Adjustment, chapter 6, pages 97-114, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-230-58238-5_6
    DOI: 10.1057/9780230582385_6
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    Cited by:

    1. Joël Hellier, 2013. "The North-South HOS Model, Inequality and Globalization," Palgrave Macmillan Books, in: Joël Hellier & Nathalie Chusseau (ed.), Growing Income Inequalities, chapter 4, pages 107-146, Palgrave Macmillan.
    2. Falvey, Rod & Greenaway, David & Silva, Joana, 2010. "Trade liberalisation and human capital adjustment," Journal of International Economics, Elsevier, vol. 81(2), pages 230-239, July.

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