The Blessing of Globalization

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.

2 responses to “The Blessing of Globalization

  1. Interesting viewpoint!

  2. shoaib

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