Does Globalization Lower Wages and Export Jobs? /

Increased globalization - the international integration of markets for goods, technology, labor, and capital - has coincided in the past 20 years with a shift in demand from less-skilled workers to those with more skills. Have imports from developing countries been responsible for the lowered wages...

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Bibliographic Details
Main Author: Slaughter, Matthew
Other Authors: Swagel, Phillip
Format: Journal
Language:English
Published: Washington, D.C. : International Monetary Fund, 1997.
Series:Economic Issues; Economic Issues ; No. 1997/007
Online Access:Full text available on IMF
Description
Summary:Increased globalization - the international integration of markets for goods, technology, labor, and capital - has coincided in the past 20 years with a shift in demand from less-skilled workers to those with more skills. Have imports from developing countries been responsible for the lowered wages of the unskilled, increased unemployment, and widened income inequality in the more advanced countries? This paper finds that a more important influence on labor markets during these years has been a technology-driven shift in labor demand.
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<strong>On-Campus Access:</strong> No User ID or Password Required
Physical Description:1 online resource (15 pages)
Format:Mode of access: Internet
ISSN:1020-5098
Access:Electronic access restricted to authorized BRAC University faculty, staff and students