Globalisation and Imperfect Labour Markets: New Phenomena, Old Problems
AbstractStill, globalisation and its effects on wages and employment is a major topic in the public press. Therefore, this article provides an overview of popular models studying the effects of an intensified international trade on the domestic labour markets in presence of imperfections on the latter. Subsequently, the results are related to the IT-based intra- industry trade. It is demonstrated that the problems discussed in the context of the global-isation’s new features present itself in a new shape, but are, after all, well-known.
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Bibliographic InfoPaper provided by EconWPA in its series International Trade with number 0212003.
Date of creation: 19 Dec 2002
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Imperfect labour markets; unemployment; globalisation; wages;
Find related papers by JEL classification:
- F16 - International Economics - - Trade - - - Trade and Labor Market Interactions
- J64 - Labor and Demographic Economics - - Mobility, Unemployment, and Vacancies - - - Unemployment: Models, Duration, Incidence, and Job Search
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