In the face of globalization, workers feel less secure in their jobs and fear wage losses and unemployment. This book explores these issues, asking whether the concerns are warranted.It brings together recent work in an important and rapidly expanding area. It provides comprehensive coverage of both theoretical and empirical aspects. It takes popular concerns about globalization seriously.Although economists have long pointed to the aggregate gains from increased economic integration, the popular perception of globalization is much more pessimistic.

Although economists have long pointed to the aggregate gains from increased economic integration, the popular perception of globalization is much more pessimistic. Workers feel less secure in their jobs and fear wage losses and unemployment. This book explores these issues, and asks whether the concerns are warranted.

Globalization and the growing integration of national markets have had profound effects on the operation of markets, not least labour markets. In this book, a range of leading commentators on globalization and labour markets present original contribution on the interaction between these two areas. This book assesses the impact of globalization on trade, cross-border investment and migration from both a theoretical and econometric standpoint and discusses the possible applications of this analysis for both industrialized and developing countries.