Dispersion of wages Unemployment Globalisation Labour market policy
Statistical and Social Inquiry Society of Ireland
Rama, Martin. 'Globalisation and workers in developing countries', Symposium on Perspectives on Globalisation. - Dublin: Journal of the Statistical and Social Inquiry Society of Ireland,Vol. XXXI, 2001/2002, pp147-194
Journal of the Statistical and Social Inquiry Society of Ireland Vol. XXXI 2001/2002
Stories of the positive and negative effects of globalisation on workers in
developing countries abound. However, a comprehensive picture is missing and
many of the stories are ideologically charged. This paper reviews the academic
literature on the subject, including several studies currently underway, and derives
the implications for public policy. Firstly, it deals with the effects of openness to
trade, foreign direct investment and financial crises on average wages. Secondly, it
discusses the impact of exposure to world markets on the dispersion of wages by
occupation, skill and gender. Thirdly, it describes the pattern of job destruction and
job creation associated with globalisation. Since these two processes are not
synchronised, the fourth issue addressed is the impact on unemployment rates.
Fifthly, the paper reviews the labour market policies that can be used to offset the
adverse impacts of globalisation on employment and labour earnings. Finally, it
discusses how the international community could encourage developing countries to
adopt sound labour market policies in the context of globalisation.
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