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Globalisation and the European Union: Which Countries are Best Placed to Cope?

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Author Info

  • David Rae
  • Marte Sollie

Abstract

Globalisation can be a threat or an opportunity, depending on a country’s trade mix and its economic and regulatory structure. This paper assesses which EU countries are most exposed to globalisation using, among other indicators, measures of revealed comparative advantage. It then looks at which countries are best placed to cope. This depends on labour and product market flexibility, the average skill level of the workforce, the innovation framework, the quality of the education system and the level and type of support, such as job-search assistance, that is given to those who are harmed by globalisation. This paper relates to the 2007 Economic Survey of the European Union(www.oecd.org/eco/surveys/eu). Mondialisation et Union européenne : quels sont les pays les mieux placés pour y faire face ? La mondialisation peut être une menace ou une opportunité, selon la composition des échanges des pays, leur structure économique et leur réglementation. Cet article évalue les pays de l’UE qui sont les plus exposés à la mondialisation en utilisant, parmi d’autres indicateurs, des mesures des avantages comparatifs révélés. Il examine ensuite quels sont les pays les mieux placés pour faire face à ce défi. Ceci dépend de la flexibilité des marchés du travail et des produits, du niveau de qualification moyenne de la main-d’oeuvre, du cadre concernant l’innovation, de la qualité du système éducatif et des niveaux et types de soutien, comme les aides à la recherche d’un emploi, qui sont mises à la disposition de ceux qui ont subi des préjudices à cause de la mondialisation.

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File URL: http://dx.doi.org/10.1787/038471381552
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Bibliographic Info

Paper provided by OECD Publishing in its series OECD Economics Department Working Papers with number 586.

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Date of creation: 06 Dec 2007
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Handle: RePEc:oec:ecoaaa:586-en

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Related research

Keywords: globalisation; trade; labour market flexibility; regulation; flexibilité du marché du travail; réglementation; commerce; mondialisation;

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Cited by:
  1. Anja Rohwer, 2008. "Kann man Globalisierung messen? Ein Vergleich zweier unterschiedlicher Indizes zur Messung der Globalisierung," Ifo Schnelldienst, Ifo Institute for Economic Research at the University of Munich, vol. 61(10), pages 31-37, 05.
  2. Nicholas Crafts, 2013. "Long-Term Growth in Europe: What Difference does the Crisis Make?," National Institute Economic Review, National Institute of Economic and Social Research, vol. 224(1), pages R14-R28, May.

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  1. Mondialisation

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