\'Globalized\' workers enjoy a riskier, but potentially more rewarding, menu of labor market outcomes. This, so far overlooked, feature of globalization is documented here for a sample of Indian manufacturing Þrms. Firms subject to external exposure, be they exporting, import-competing or foreign-owned, indeed face higher earnings variability and job insecurity. At the same time, though, the employees of foreign-owned and import-competing firms are more frequently involved in training programs than employees of Þrms not subject to foreign competition. Similarly, the employees of exporting firms are promoted more frequently than otherwise. The \'bad\' and the \'good\' labormarket effects of globalization are thus twin to each other. Concentrating on just one side of the coin gives a misleading picture of globalization.
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Paper provided by Centro Studi Luca d\'Agliano, University of Milano in its series Development Working Papers with number
171.
Francesco Daveri & Paolo Manasse & Danila Serra, 2003.
"The Twin Effects of Globalization,"
Working Papers
240, IGIER (Innocenzo Gasparini Institute for Economic Research), Bocconi University.
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