The European Union in the era of globalisation: competitive challenges, structural unemployment, and policy responses
Competitive pressures for EU industries have mounted because the international division of labour through trade has been complemented by corporate globalisation strategies. The EU is shown to' have dealt with this challenge less successfully than the other two members of the Triad. So far, it has been largely ignored that globalisation implies a closer integration of international labour markets, and hence an increased supply of low-skilled labour. The effectiveness of traditional means to protect low-skilled workers being seriously eroded, alternative policy options are discussed to restore competitiveness and reduce unemployment.
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- Wolfgang F. Stolper & Paul A. Samuelson, 1941. "Protection and Real Wages," Review of Economic Studies, Oxford University Press, vol. 9(1), pages 58-73.
- Agarwal, Jamuna Prasad & Gubitz, Andrea & Nunnenkamp, Peter, 1991. "Foreign direct investment in developing countries: the case of Germany," Open Access Publications from Kiel Institute for the World Economy 423, Kiel Institute for the World Economy (IfW).
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