search query: @author Gundlach, E. / total: 9
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| Author: | Gundlach, E. Nunnenkamp, P. |
| Title: | Globalization and labour markets in the triad: different adjustment patterns. |
| Journal: | Transnational Corporations
1997 : DEC, VOL. 6:3, p. 57-85 |
| Index terms: | LABOUR MARKETS FOREIGN INVESTMENT EUROPEAN UNION USA JAPAN |
| Language: | eng |
| Abstract: | The article suggests that the wage and employment prospects of low-skilled workers in industrial countries will be affected negatively, unless there is a compensating change in the production structure. The strikingly different labour market performances of the European Union, Japan and the United States are compared. While EU has become a major target of globalization strategies by foreign competitors, trade and foreign direct investment patterns reveal that EU has made relatively little use of the opportunities provided by globalization for cost saving and penetrating newly emerging markets. The authors conclude that a long-term strategy for tackling the causes of impaired competitiveness must focus on human capital formation. |
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