Munich Personal RePEc Archive

Globalisation, employment and sustainable economic growth: Europe and the Mediterranean region

Singh, Ajit (1999): Globalisation, employment and sustainable economic growth: Europe and the Mediterranean region.

[img]
Preview
PDF
MPRA_paper_54922.pdf

Download (97kB) | Preview

Abstract

A main purpose of my contribution is to provide a constructive critique of the present organisation of European economies under liberalisation and globalisation. Contrary to the exaggerated claims in leading economic circles about the virtues of this economic regime, its actual record has been uninspiring at best, at worst abysmal. The most obvious failure of these arrangements in European countries is reflected in the mass unemployment which has afflicted these economies since its implementation in the 1980s and 90s. Productivity and GDP have also been much lower than before. Yet less than twenty five years ago countries like France and Germany not only enjoyed prolonged full employment but indeed over-full employment, with 10 per cent of the labour force coming from abroad.

UB_LMU-Logo
MPRA is a RePEc service hosted by
the Munich University Library in Germany.