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Globalisation, employment and sustainable economic growth: Europe and the Mediterranean region

Author

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  • Singh, Ajit

Abstract

A main purpose of my contribution is to provide a constructive critique of the present organisation of European economies under liberalisation and globalisation. Contrary to the exaggerated claims in leading economic circles about the virtues of this economic regime, its actual record has been uninspiring at best, at worst abysmal. The most obvious failure of these arrangements in European countries is reflected in the mass unemployment which has afflicted these economies since its implementation in the 1980s and 90s. Productivity and GDP have also been much lower than before. Yet less than twenty five years ago countries like France and Germany not only enjoyed prolonged full employment but indeed over-full employment, with 10 per cent of the labour force coming from abroad.

Suggested Citation

  • Singh, Ajit, 1999. "Globalisation, employment and sustainable economic growth: Europe and the Mediterranean region," MPRA Paper 54922, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:54922
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    File URL: https://mpra.ub.uni-muenchen.de/54922/1/MPRA_paper_54922.pdf
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    More about this item

    Keywords

    European economies; unemployment; organisation; economic regime; liberalisation; globalisation;
    All these keywords.

    JEL classification:

    • F6 - International Economics - - Economic Impacts of Globalization
    • J0 - Labor and Demographic Economics - - General
    • J6 - Labor and Demographic Economics - - Mobility, Unemployment, Vacancies, and Immigrant Workers
    • O1 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development

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