Globalization and Labor

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Horst Siebert
Kiel Inst of World Economics, 1999 - Business & Economics - 320 pages
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Globalization of product and factor markets means that markets are getting larger and more integrated, even those in China and Eastern Europe. It is quite understandable, then, that economists attending the 1998 Kiel Week Conference addressed the topic of how globalization is affecting labor in highly industrialized countries.

The conference discussion centered on the following questions: Is it the increased trade in goods or the emergence of new technologies that intensifies competition and increases the adjustment pressures on labor markets? Who are the winners and the losers of globalization? Is there reason and room for economic policy -- and if there is, should it be national or supranational policy? The papers are complemented by comments of renowned economists from Germany and abroad.

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Contents

Similarities Fundamental Differences Philippe Martin
59
Is There a World Capital Market? Tamim Bayoumi
65
Comment Helmut Reisen
87
Copyright

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About the author (1999)

Horst Siebert is President Emeritus of the Kiel Institute for World Economics, Steven Muller Professor of Economics at Johns Hopkins University, and Jelle Zijlstra Professorial Fellow at the Netherlands Institute for Advanced Studies. He previously served as a member of the German government's Council of Economic Advisors for twelve years. He is the author of "The World Economy, Economics of the Environment," and the author or editor of numerous other books.

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