Globalization and workers in developing countries

dc.contributor.authorRama, Martín
dc.date.accessioned2008-11-19T19:05:52Z
dc.date.available2008-11-19T19:05:52Z
dc.date.issued2002
dc.descriptionFor more about the East-West Center, see <a href="http://www.eastwestcenter.org/">http://www.eastwestcenter.org/</a>
dc.description.abstractStories 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.
dc.format.extent33, [12] pages
dc.identifier.urihttp://hdl.handle.net/10125/3693
dc.language.isoen-US
dc.publisherHonolulu: East-West Center
dc.relation.ispartofseriesEast-West Center working papers. Economics series ; no. 41
dc.subject.lcshGlobalization
dc.subject.lcshLabor market - Developing countries
dc.subject.lcshWages - Developing countries
dc.subject.lcshUnemployment - Developing countries
dc.titleGlobalization and workers in developing countries
dc.typePapers
dc.type.dcmiText

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