2004
DOI: 10.1111/j.1564-913x.2004.tb00545.x
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The social dimension of globalization: A review of the literature

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Cited by 51 publications
(17 citation statements)
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“…While most econometric studies find that liberalization on average is associated with growth, this positive relationship 'is neither automatically guaranteed nor universally observable' [72]. Moreover, poverty reduction during globalization's peak decades of liberalized trade, during which global economic growth quadrupled, has been modest at best, leading one senior World Bank development economist to conclude that "it is hard to maintain the view that expanding external trade is...a powerful force for poverty reduction in developing countries" [73]; while there is robust empirical consensus that trade liberalization leads to inequalities in labour markets, as wages for highly skilled workers in globally competitive industries rise and those for lesser skilled workers in relative abundance fall [74]. This is not to argue that trade liberalization is necessarily bad for health; rather, there is evidence and argument that the pacing of such liberalization, alongside the provision of social safety nets and flexibilities that account for countries' different development levels and productive capacities, can help to offset the dislocations in domestic labour markets that inevitably follow openness to global competition [75,76].…”
Section: Methodsmentioning
confidence: 99%
“…While most econometric studies find that liberalization on average is associated with growth, this positive relationship 'is neither automatically guaranteed nor universally observable' [72]. Moreover, poverty reduction during globalization's peak decades of liberalized trade, during which global economic growth quadrupled, has been modest at best, leading one senior World Bank development economist to conclude that "it is hard to maintain the view that expanding external trade is...a powerful force for poverty reduction in developing countries" [73]; while there is robust empirical consensus that trade liberalization leads to inequalities in labour markets, as wages for highly skilled workers in globally competitive industries rise and those for lesser skilled workers in relative abundance fall [74]. This is not to argue that trade liberalization is necessarily bad for health; rather, there is evidence and argument that the pacing of such liberalization, alongside the provision of social safety nets and flexibilities that account for countries' different development levels and productive capacities, can help to offset the dislocations in domestic labour markets that inevitably follow openness to global competition [75,76].…”
Section: Methodsmentioning
confidence: 99%
“…Global trade competition coupled with the demand for increased workforce flexibility, the fast pace of technological innovation, and government deregulation of industry have led to widespread corporate layoffs, workplace restructuring, and the increasing use of a contingent workforce (Gunter & van der Hoeven, 2004;Hirsch & De Soucey, 2006). These conditions virtually ensure that employees of the new millennium will experience a substantially different workplace environment compared with employees in decades past.…”
Section: Introductionmentioning
confidence: 98%
“…Thus it is often argued that foreign capital, crucial to export growth, is attracted not so much by low labour costs as by the dynamism of the markets, high levels of political stability, and generally good prospects for profits. It is also noted that, in the context of widespread poverty, low-quality jobs are better than no jobs at all, and that their creation can be seen as the first step on the road to economic growth, better wages and higher labour standards (Ghose, 2000;Gunter & van der Hoven, 2004). It is not quite clear whether this optimism is entirely warranted.…”
Section: International Labour Standards and Economic Globalisationmentioning
confidence: 93%