Globalization and unemployment are two phenomena which are amongst the most widely discussed subjects in the economic debate today. Often, globalization is regarded as being responsible for the increase in unemployment, particularly in unskilled labor. This book deals with the correlation between globalization and unemployment under various aspects: historical aspects of globalization, empirical trends and theoretical explanations of unemployment, effects of globalization in general and of European Monetary Union in particular on umemployment, labor market policy in a global economy, the impact of fiscal policy on unemployment in a global economy, as well as the effects of globalization on inflation and national stabilization policy. Front Matter....Pages I-VI Introduction....Pages 1-13 Front Matter....Pages 15-15 Meeting the Challenges of Globalization in the Advanced Economies....Pages 19-35 Globalization in Historical Perspective....Pages 39-53 Front Matter....Pages 55-55 International Unemployment Trends: Measurement and Stylized Facts....Pages 59-85 Unemployment: Theoretical Explanations....Pages 89-133 Comment on Beißinger and Möller: “Unemployment: Theoretical Explanations”....Pages 135-140 Endogenously Biased Technical Progress and the Macroeconomic Structure of Employment and Wages....Pages 141-159 Front Matter....Pages 161-161 Wages, Unemployment, and Globalization: a Tale of Conventional Wisdoms....Pages 165-191 Comment on Landmann : “Wages, Unemployment, and Globalization: a Tale of Conventional Wisdoms”....Pages 193-199 Effects of European Monetary Integration on Unemployment: How Costly Was (Intra-European) Exchange Rate Variability?....Pages 203-242 Comment on Belke and Gros : “Effects of European Monetary Integration on Unemployment”....Pages 243-252 Front Matter....Pages 253-253 Labor Market Policy in a Global Economy....Pages 257-296 Labor Market Analysis and Labor Market Policy in a Global Economy — An Alternative View (Commentary Paper)....Pages 297-309 Fiscal Policy and Unemployment in a Global Economy....Pages 313-331 Comment on Fuest, Huber and Wöhlbier : “Fiscal Policy and Unemployment in a Global Economy”....Pages 333-340 Globalization and Inflation....Pages 343-388 Comment on Wagner : “Globalization and Inflation”....Pages 389-395 Back Matter....Pages 397-402 Comprises 11 papers which explore the correlation between globalization and unemployment. Provides an historical perspective on globalization during the 19th and 20th centuries and considers theoretical explanations of unemployment. Examines the roles of labour market policy, fiscal policy and stabilization policy in a global economy and includes a chapter on the effects of European monetary integration on unemployment
