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Globalisation and the European Union: Which Countries are Best Placed to Cope?

Author

Listed:
  • David Rae

    (OECD)

  • Marte Sollie

    (OECD)

Abstract

Globalisation can be a threat or an opportunity, depending on a country’s trade mix and its economic and regulatory structure. This paper assesses which EU countries are most exposed to globalisation using, among other indicators, measures of revealed comparative advantage. It then looks at which countries are best placed to cope. This depends on labour and product market flexibility, the average skill level of the workforce, the innovation framework, the quality of the education system and the level and type of support, such as job-search assistance, that is given to those who are harmed by globalisation. This paper relates to the 2007 Economic Survey of the European Union(www.oecd.org/eco/surveys/eu). Mondialisation et Union européenne : quels sont les pays les mieux placés pour y faire face ? La mondialisation peut être une menace ou une opportunité, selon la composition des échanges des pays, leur structure économique et leur réglementation. Cet article évalue les pays de l’UE qui sont les plus exposés à la mondialisation en utilisant, parmi d’autres indicateurs, des mesures des avantages comparatifs révélés. Il examine ensuite quels sont les pays les mieux placés pour faire face à ce défi. Ceci dépend de la flexibilité des marchés du travail et des produits, du niveau de qualification moyenne de la main-d’oeuvre, du cadre concernant l’innovation, de la qualité du système éducatif et des niveaux et types de soutien, comme les aides à la recherche d’un emploi, qui sont mises à la disposition de ceux qui ont subi des préjudices à cause de la mondialisation.

Suggested Citation

  • David Rae & Marte Sollie, 2007. "Globalisation and the European Union: Which Countries are Best Placed to Cope?," OECD Economics Department Working Papers 586, OECD Publishing.
  • Handle: RePEc:oec:ecoaaa:586-en
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    File URL: http://dx.doi.org/10.1787/038471381552
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    Cited by:

    1. Nicholas Crafts, 2013. "Long-Term Growth in Europe: What Difference does the Crisis Make?," National Institute Economic Review, National Institute of Economic and Social Research, vol. 224(1), pages 14-28, May.
    2. Anja Hülsewig, 2008. "Kann man Globalisierung messen? Ein Vergleich zweier unterschiedlicher Indizes zur Messung der Globalisierung," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 61(10), pages 31-37, May.

    More about this item

    Keywords

    commerce; flexibilité du marché du travail; globalisation; labour market flexibility; mondialisation; regulation; réglementation; trade;

    JEL classification:

    • E60 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - General
    • F10 - International Economics - - Trade - - - General
    • F43 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Economic Growth of Open Economies

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    1. Mondialisation

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