Labour Markets Trends, Financial Globalization and the current crisis in Developing Countries

Rolph van der Hoeven

Working Papers from United Nations, Department of Economics and Social Affairs

Abstract: The current wave of globalization has profound labour market effects, accentuated, in many cases, by the current financial and economic crisis. This paper reviews general labour market trends and country examples, arguing that the current globalization process makes labour’s position more precarious, a trend magnified by the current crisis. This is consistent with the policy reactions to the crisis: governments have (rightly) acted as a banker of last resort to avoid the collapse of the financial system, but, despite stimulus plans and monetary easing and some labour market policies, have not really acted as an employer of last resort.

Keywords: Globalization; Financial Globalization; Employment; Income inequality; Financial Crisis (search for similar items in EconPapers)
JEL-codes: E24 E64 F42 J21 (search for similar items in EconPapers)
Pages: 32 pages
Date: 2010-10
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (4)

Downloads: (external link)
http://www.un.org/en/development/desa/papers/2010 (application/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:une:wpaper:99

Access Statistics for this paper

More papers in Working Papers from United Nations, Department of Economics and Social Affairs Contact information at EDIRC.
Bibliographic data for series maintained by Aimee Gao (gaoa@un.org).