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.

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.

• Item Type: MPRA Paper
• Language: English
• Keywords: European economies, unemployment, organisation, economic regime, liberalisation, globalisation
• Subjects: F - International Economics > F6 - Economic Impacts of Globalization; J - Labor and Demographic Economics > J0 - General; J - Labor and Demographic Economics > J6 - Mobility, Unemployment, Vacancies, and Immigrant Workers; O - Economic Development, Innovation, Technological Change, and Growth > O1 - Economic Development

References

References

"Institutional Requirements for Full Employment in Advanced Economies", International Labour Review, Vol. 134, No. 4 - 5 (pp. 471 - 496)

And this paper was also published in Spanish as: "Requisitos institucionales para el pleno empleo en las economicas adelantadas", in Revista Internacional del Trabajo, Vol. 114, No. 4 - 5, 1995 (pp. 529 - 554).

"Global Unemployment, Growth and Labour Market Rigidities: A Commentary", Special Contribution to Perspectives on Globalisation and Employment, UNDP, New York, 1999