Globalization, Firms, And Workers

Globalization through trade and foreign investment has had a significant impact on labor markets, wages, profits, and inequality. This volume examines the effects of these factors on workers in the United States and major developing and emerging countries, using a range of methods and data. It develops testable hypotheses, collects essential data, and uses frontier techniques to provide the best evidence available. The analysis is essential for understanding the complex relationships between trade liberalization, foreign direct investment, technical change, and the fortunes of workers in increasingly globalized markets.

Format: Hardback
Length: 392 pages
Publication date: 11 February 2022
Publisher: World Scientific Publishing Co Pte Ltd

Globalization through trade and foreign investment has had a profound impact on labor markets, wages, profits, and inequality. This comprehensive volume explores this complex issue from various perspectives, employing a range of methods, including microeconomic theory and econometric studies utilizing detailed firm-level and household data. The primary objective of the book is to examine and understand the effects of globalization on workers in both the United States and major developing and emerging countries.

While there are numerous anecdotes and discussions about these topics, this volume takes a more rigorous approach by developing testable hypotheses, collecting essential data, and employing advanced techniques to provide the most comprehensive evidence available. The chapters cover a wide range of topics, including standard and current trade theories, frontier thinking about the nature and effects of multinational enterprises and offshoring, and the critical roles of credit markets, international innovation, and technology diffusion in driving employment, wage changes, and inequality.

Furthermore, the volume addresses critical institutional matters, such as how globalization influences activism in securing labor rights. The analysis presented in the book is crucial for understanding the intricate and multifaceted relationships between trade liberalization, foreign direct investment, technical change, and the well-being of workers in increasingly globalized markets.

In conclusion, this volume offers a valuable contribution to the understanding of the impact of globalization on labor markets, wages, profits, and inequality. By employing a rigorous research approach and covering a wide range of topics, it provides valuable insights for policymakers, researchers, and stakeholders interested in this critical area.

ISBN-13: 9789811239465