Globalization & Labor CB

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.