Labor market globalization in the recession and beyond

Richard Alm, W. Michael Cox and Justyna Dymerska

Economic Letter, 2009, vol. 4, issue dec, No 10

Abstract: Two types of immigration, physical (immigration that brings the workers to the work) and virtual (immigration that moves the work rather than the workers, involving the long-distance delivery of services), have contributed to globalization of the labor force over the past quarter century. In the past two years, recession has spread to most parts of the world, slowing or even reversing globalization's momentum. The slowdown has taken a toll on both physical and virtual immigration. In recovery, the long-term factors supporting cross-border integration of trade, finance and labor are likely to reemerge, although it may take time to fully restore globalization's momentum. The outlook could change if hard times linger and countries succumb to protectionist temptations, setting off a destructive process of deglobalization.

Keywords: Globalization; Emigration and immigration; Telecommunication; Labor market; Recessions (search for similar items in EconPapers)
Date: 2009
References: Add references at CitEc
Citations:

Downloads: (external link)
http://dallasfed.org/assets/documents/research/eclett/2009/el0910.pdf (application/pdf)
Our link check indicates that this URL is bad, the error code is: 404 Not Found (http://dallasfed.org/assets/documents/research/eclett/2009/el0910.pdf [301 Moved Permanently]--> https://dallasfed.org/assets/documents/research/eclett/2009/el0910.pdf [301 Moved Permanently]--> https://www.dallasfed.org/assets/documents/research/eclett/2009/el0910.pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:fip:feddel:y:2009:i:dec:n:v.4no.10

Ordering information: This journal article can be ordered from

Access Statistics for this article

More articles in Economic Letter from Federal Reserve Bank of Dallas Contact information at EDIRC.
Bibliographic data for series maintained by Amy Chapman ().