Citation

Discussion Paper Details

Please find the details for DP2595 in an easy to copy and paste format below:

Full Details   |   Bibliographic Reference

Full Details

Title: Who is Afraid of Globalization? The Challenge of Domestic Adjustment in Europe and America

Author(s): André Sapir

Publication Date: October 2000

Keyword(s): International Migration, Labour Adjustment and Trade Liberalization

Programme Area(s): International Trade and Regional Economics

Abstract: The paper examines why ?globaphobia? seems to be more prevalent among labour in the United States than in Europe. It argues that globalization has generated more wealth, but also more income inequality and adjustment problems, in America than in Europe. In the United States, the median voter has lost wages and experienced rising job insecurity due to globalization. By contrast, in Europe, the welfare state has largely insulated the median voter from the pains of globalization. The paper also examines international labour mobility, the grand absentee of the current wave of globalization. Here it finds that phobia runs higher in Europe than in America. It claims that the relative generosity of Europe?s welfare state makes it less open to migration than the United States.

For full details and related downloads, please visit: https://cepr.org/active/publications/discussion_papers/dp.php?dpno=2595

Bibliographic Reference

Sapir, A. 2000. 'Who is Afraid of Globalization? The Challenge of Domestic Adjustment in Europe and America'. London, Centre for Economic Policy Research. https://cepr.org/active/publications/discussion_papers/dp.php?dpno=2595