The Financial Times reports:
Increased trade, outsourcing and offshoring do not create unemployment but boost the number of jobs in advanced economies, a study of European labour markets says on Tuesday.
The European Economic Advisory Group, a consortium of European academics organised by the Munich-based Ifo Institute, argues that although globalisation can lead to a fall in demand for certain types of skill, it also tends to sweep away job-destroying rigidities in labour markets.
The evidence from the group’s work suggests the positive effects of globalisation outweigh the negative effects.
Interesting viewpoint!
shoaib
interesting