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Labour Markets Trends, Financial Globalization and the current crisis in Developing Countries

  • Rolph van der Hoeven
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    The current wave of globalization has profound labour market effects, accentuated, in many cases, by the current financial and economic crisis. This paper reviews general labour market trends and country examples, arguing that the current globalization process makes labour’s position more precarious, a trend magnified by the current crisis. This is consistent with the policy reactions to the crisis: governments have (rightly) acted as a banker of last resort to avoid the collapse of the financial system, but, despite stimulus plans and monetary easing and some labour market policies, have not really acted as an employer of last resort.

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    Paper provided by United Nations, Department of Economics and Social Affairs in its series Working Papers with number 99.

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    Length: 32 pages
    Date of creation: Oct 2010
    Date of revision:
    Handle: RePEc:une:wpaper:99
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