The Labour Market Consequences of Globalisation and Regionalisation
– This paper aims to introduce the subject of the impact of globalization and regionalization on the labour markets. The papers of the special issue are placed within this subject.
– Although the subject is not treated exhaustively, the papers presented are new contributions dealing with labour market institutions, efficiency wages, employment effects of outward foreign direct investment, immigration patterns, and regional social and labour policies. These diverse issues are dealt with in their relation with increasing globalization in developed economies.
– The major conclusions of the papers in the special issue are put into the perspective of the state of the art of the research on the social impact of globalization, particularly the labour market consequences.
– A more comprehensive analysis of globalisation, which takes into account the complementarity of the different channels through which its effects on labour markets are transmitted, becomes more and more necessary. The papers of the special issue attempt to look into a number of these channels and to some extent into their complementarity.