OECD Social, Employment and Migration Working Papers
This series is designed to make available to a wider readership selected labour market, social policy and migration studies prepared for use within the OECD. Authorship is usually collective, but principal writers are named. The papers are generally available only in their original language - English or French - with a summary in the other.
- ISSN : 1815199X (en ligne)
- https://doi.org/10.1787/1815199X
Globalisation and Labour Markets
Policy Issues Arising from the Emergence of China and India
Globalisation is having important effects on labour markets in OECD countries. The global supply of
labour has increased enormously with the emergence of China and India. At the same time technological
advances have contributed to heightened income inequality and changed the nature of globalisation itself,
most vividly demonstrated by the rapid growth of offshoring of business services that were previously
nontradable. It is argued in this paper that these developments are best characterized as an intensification
and broadening of the process of globalisation rather than a fundamental change in the nature of
globalisation. They will, nevertheless, have long-lasting effects on OECD labour markets, increasing the
urgency of implementing the labour market policies set out in the Restated OECD Job Strategy. The paper
concludes that the most important implication of the emergence of China and India in the context of
widespread perceptions of increasing economic inequality may be to reduce support for globalisation in
OECD countries.
JEL:
J08: Labor and Demographic Economics / General / Labor Economics Policies;
F13: International Economics / Trade / Trade Policy; International Trade Organizations;
F16: International Economics / Trade / Trade and Labor Market Interactions
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