DMCA
Globalization and Workers in Developing Countries (2001)
Cached
Download Links
| Citations: | 9 - 0 self |
BibTeX
@MISC{Rama01globalizationand,
author = {Martín Rama and Emanuela Galasso and Peter Lanjouw and Dorsati Madani and Remco Oostendorp},
title = {Globalization and Workers in Developing Countries},
year = {2001}
}
Share
 |
 |
 |
 |
||
OpenURL
Abstract
Stories on the positive and negative effects of globalization on workers in developing countries abound. But 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 under way, and derives the implications for public policy. First, it deals with the effects of openness to trade, foreign direct investment and financial crises on average wages. Second, it discusses the impact of exposure to world markets on the dispersion of wages by occupation, skill and gender. Third, it describes the pattern of job destruction and job creation associated with globalization. Because these two processes are not synchronized, the fourth issue addressed is the impact on unemployment rates. Fifth, the paper reviews the labor market policies that can be used to offset the adverse impacts of globalization on employment and labor earnings. Finally, it discusses how the international community could encourage developing countries to adopt sound labor market policies in the context of globalization.
Keyphrases
financial crisis academic literature job destruction job creation fourth issue world market adverse impact negative effect international community several study unemployment rate comprehensive picture foreign direct investment labor earnings public policy labor market policy sound labor market policy average wage
