IDEAS home Printed from https://ideas.repec.org/a/fip/feddel/y2009idecnv.4no.10.html
   My bibliography  Save this article

Labor market globalization in the recession and beyond

Author

Listed:
  • W. Michael Cox
  • Richard Alm
  • Justyna Dymerska

Abstract

Two types of immigration, physical (immigration that brings the workers to the work) and virtual (immigration that moves the work rather than the workers, involving the long-distance delivery of services), have contributed to globalization of the labor force over the past quarter century. In the past two years, recession has spread to most parts of the world, slowing or even reversing globalization's momentum. The slowdown has taken a toll on both physical and virtual immigration. In recovery, the long-term factors supporting cross-border integration of trade, finance and labor are likely to reemerge, although it may take time to fully restore globalization's momentum. The outlook could change if hard times linger and countries succumb to protectionist temptations, setting off a destructive process of deglobalization.

Suggested Citation

  • W. Michael Cox & Richard Alm & Justyna Dymerska, 2009. "Labor market globalization in the recession and beyond," Economic Letter, Federal Reserve Bank of Dallas, vol. 4(dec).
  • Handle: RePEc:fip:feddel:y:2009:i:dec:n:v.4no.10
    as

    Download full text from publisher

    File URL: http://dallasfed.org/assets/documents/research/eclett/2009/el0910.pdf
    Download Restriction: no

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:fip:feddel:y:2009:i:dec:n:v.4no.10. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Amy Chapman). General contact details of provider: http://edirc.repec.org/data/frbdaus.html .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.