Human capital and adjustment to trade

Rod Falvey*, David Greenaway, Joana Silva

*Corresponding author for this work

Research output: Chapter in Book/Report/Conference proceedingChapterResearchpeer-review

3 Citations (Scopus)

Abstract

The labour market consequences of globalisation are controversial. Fears that the process of increased integration into world markets implies increasing job losses and downward pressure on wages are widespread, often resulting in demands for import protection. Growing concerns about the importance of such adjustment costs are evident in the policy community. This debate also has a direct consequence for policy: there have been recent reforms of the USA’s compensation scheme for trade-displaced workers and a new EU Globalisation Adjustment Fund has been created.
Original languageEnglish
Title of host publicationGlobalisation and Labour Market Adjustment
PublisherPalgrave Macmillan
Chapter6
Pages97-114
Number of pages18
ISBN (Electronic)9780230582385
ISBN (Print)9780230004931
DOIs
Publication statusPublished - 17 Apr 2008
Externally publishedYes

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Falvey, R., Greenaway, D., & Silva, J. (2008). Human capital and adjustment to trade. In Globalisation and Labour Market Adjustment (pp. 97-114). Palgrave Macmillan. https://doi.org/10.1057/9780230582385_6