Economic growth, 'globalisation' and labour power
A contentious populist belief maintains that increasing international trade or economic 'globalisation', has deleterious effects upon the economic welfare of the vast majority of the world's population. Such negative effects are an inevitable consequence of capitalism, especially that which embraces globalisation. I argue that this anti-globalisation-trade-market hypothesis is fundamentally flawed. Increasing trade and other attributes of globalisation has the capacity to enhance the bargaining power of labour and thereby economic efficiency and the rate technological change with significant resulting benefits flowing to labour. Tight labour markets can be regarded as a key capability allowing for workers to improve their welfare. But institutions must be in place to allow labour to capitalise on its market generated advantage. Unlike many neoclassical renderings of the globalisation narrative, positive effects of globalisation are in no ways guaranteed and optimised by market forces.
If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.
Volume (Year): 9 (2007)
Issue (Month): 2/3 ()
|Contact details of provider:|| Web page: http://www.inderscience.com/browse/index.php?journalID=168|
When requesting a correction, please mention this item's handle: RePEc:ids:gbusec:v:9:y:2007:i:2/3:p:297-318. 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: (Darren Simpson)
If references are entirely missing, you can add them using this form.