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Globalization, Labor Markets and Policy Backlash in the Past

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  • Jeffrey G. Williamson

Abstract

The late nineteenth and twentieth centuries have many things in common. Both periods recorded fast growth, convergence, and labor-market integration between OECD members. Both periods witnessed intense debate about who gained and who lost from globalization. Furthermore, the earlier period saw a retreat from global liberalism long before the interwar deglobalization disaster. Did globalization of that time plant seeds of its own destruction? Are there lessons for the present?

Suggested Citation

  • Jeffrey G. Williamson, 1998. "Globalization, Labor Markets and Policy Backlash in the Past," Journal of Economic Perspectives, American Economic Association, vol. 12(4), pages 51-72, Fall.
  • Handle: RePEc:aea:jecper:v:12:y:1998:i:4:p:51-72
    Note: DOI: 10.1257/jep.12.4.51
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    File URL: http://www.aeaweb.org/articles.php?doi=10.1257/jep.12.4.51
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    More about this item

    JEL classification:

    • N30 - Economic History - - Labor and Consumers, Demography, Education, Health, Welfare, Income, Wealth, Religion, and Philanthropy - - - General, International, or Comparative
    • F16 - International Economics - - Trade - - - Trade and Labor Market Interactions
    • F02 - International Economics - - General - - - International Economic Order and Integration
    • N70 - Economic History - - Economic History: Transport, International and Domestic Trade, Energy, and Other Services - - - General, International, or Comparative
    • F22 - International Economics - - International Factor Movements and International Business - - - International Migration

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