By Helmut Wagner (auth.), Prof. Dr. Helmut Wagner (eds.)
Globalization and unemployment are phenomena that are among the main generally mentioned matters within the monetary debate this day. frequently, globalization is considered being liable for the rise in unemployment, relatively in unskilled exertions. This ebook offers with the correlation among globalization and unemployment below numerous facets: old facets of globalization, empirical traits and theoretical causes of unemployment, results of globalization ordinarily and of ecu financial Union particularly on umemployment, exertions marketplace coverage in a world economic system, the influence of monetary coverage on unemployment in an international economic climate, in addition to the results of globalization on inflation and nationwide stabilization policy.
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Additional info for Globalization and Unemployment
12. Countries with strong employment growth also show high employment elasticity of GDP growth. 13. In the 1990s inflation is lower than in the 1960s in every G7-country but at the same time unemployment is higher everywhere except in the US. 14. This pattern is broadly consist with the unemployment-inflation trade-off but unemployment is much higher in the 1990s compared to the 1960s suggesting a rise in the NAIRU, which -except for the US- can be found in the data everywhere. 15. The problem with NAIRU explanations is, however, that they do not fit institutional changes.
Crouzet, F. (1964), Wars, Blockade, and Economic Change in Europe, 1792-1815, Journal ofEconomic History 24, 567-588. Curtin, P. D. (1984), Cross-Cultural Trade in World History, Cambridge. De Long, J. B. (1998), Trade Policy and America's Standard of Living: A Historical Perspective, in: Collins, S. M. ), Imports, Exports, and the American Worker, Washington D. , 349-388. Edelstein, M. (1982), Overseas Investment in the Age of High Imperialism, New York. Eltis, D. (1983), Free and Coerced Transatlantic Migrations: Some Comparisons, American Historical Review 88,251-280.
Employment growth and population growth is closely correlated. About 70% of the expansion in US employment can be explained by reference to population growth. Population grew less in Europe and thus absolute employment was lower. 11. Differences in GDP growth rates cannot explain divergent employment trend, although economic growth, of course, affects employment positively. 12. Countries with strong employment growth also show high employment elasticity of GDP growth. 13. In the 1990s inflation is lower than in the 1960s in every G7-country but at the same time unemployment is higher everywhere except in the US.
Globalization and Unemployment by Helmut Wagner (auth.), Prof. Dr. Helmut Wagner (eds.)