Expanding employment in the global economy: the high road or the low road?

Singh, Ajit (1996): Expanding employment in the global economy: the high road or the low road? Published in: Book Chapter in Arestis, P., Palma, G. and Sawyer, M. (eds.), Essays in Honour of Geoff Harcourt, Edward Elgar, London. (1996): pp. 1-20.

Abstract

Abstract

A most pressing problem before the world community today is that of unemployment and underemployment - the existence of mass unemployment in advanced economies (the North) and the lack of adequate employment opportunities in many developing countries (the South) for their fast-growing labour forces. The emergence of a much more integrated and liberal world economy in the last decade or so as a consequence of globalization and freer movements of capital and trade, has apparently made little contribution towards meeting this global employment challenge. Whether or not one agrees with those who argue that globalization is a part of the problem rather than its solution, it is quite clear that unless people's legitimate needs for remunerative jobs and productive work can be met, the new liberal international economic order will be in serious jeopardy.

• Item Type: MPRA Paper
• Language: English
• Keywords: International economic order, liberalisation, full employment, labour force, global integration
• Subjects: F - International Economics > F0 - General; F - International Economics > F6 - Economic Impacts of Globalization; J - Labor and Demographic Economics > J0 - General

References

References

Banuri, T. (1991), Economic Liberalisation: No Panacea, Oxford, Clarendon Press.

Bhagwati, J. (1994). Free Trade: Old and new challenges, Economic Journal, (Oxford) Vol. 5, No. 423.

Boltho, A. and Glyn, A. 1995. "Can macroeconomic policies raise employment", International Labour Review, Vol.134, No.4-5, December.

Eatwell, J. 1995. Disguised Unemployment: G7 Experience, A lecture delivered at South Bank University, Processed.

Fishlow, A. 1991. Some Reflections on Comparative Latin American Economic Performance and Policy in Banuri (1991).

Freeman, C., 1989, New technology and Catching Up, The European Journal of Development Research, London, Vol.1, No.1, Frank Cass.

Freeman, C.; Soete L. and Efendioglu, U. 1995. "Diffusion and the employment effects of information and communication technology", International Labour Review, Vol.134, No.4-5, December, pp.587-603.

Glyn, A. and Boltho, A. 1995. "Can macroeconomic policies raise employment?", International Labour Review, Vol. 134, No.4-5, December, pp.451-470.

Harcourt, G. 1992. "Markets, Madness and A Middle Way", the second Donald Horne Address, Melbourne, 1992, also published in Australian Quarterly, Vol.64, No.1, pp.1-17.

Harcourt, G. 1993. "A Large G&T", ALR, No.148, March, 1993, pp.34-36. A longer version was published as "Macroeconomic Policy for Australia in the 1990s" in The Economic and Labour Relations Review, Vol.4, No.2, December 1993, pp.167-75.

Harcourt, G. 1994b. "Taming Speculators and Putting the World on Course to Prosperity: A 'Modest Proposal`", Economic and Political Weekly, Vol.XXIX, September 17, 1994, pp.2490-2492.

Hicks, J.R. 1959. Essays in World Economics. Oxford, Clarendon Press.

ILO. 1976. Employment growth and basic needs: A one-world problem, Geneva.

ILO. 1995. World Employment Report, Geneva.

Krugman, P.; Lawrence, R. 1993. Trade jobs and wages, NBER Working Paper, No. 4478.

Leamer, E.E. 1994. Trade, wages and revolving door ideas, NBER Working Paper, No 4716.

Maddison, A. 1985. Two Crises: Latin America and Asia 1929-38 and 1973-83. Paris, OECD

Matthews, R.C.O.; Bowen, A., 1988. Keynesian and other explanations of post-war macroeconomic trends in Walter Eltis and Peter Sinclair eds., Keynes and economic policy: the relevance of the general theory after fifty years. Macmillan Press.

Peters, E. 1994. Recent developments in Mexican employment (1982-92), Faculty of Economics, Universidad Nacional Autonoma de Mexico, mimeo.

Sachs,J.D.,[1985], "External debt and macroeconomic performance in Latin America and East Asia", Brookings Papers on Economic Activity, NO.2, pp 523 - 564

Sachs, J.; Schatz, II. 1994. Trade and jobs in US manufacturing, Brookings Papers on Economic Activity, 1, Washington DC, Brookings Institution.

Singh, A. 1979 The Basic Needs Approach to Development vesus the New International Economic order. World Development, 7 (6), June , pp 585 - 606

Singh, A. 1988. Employment and output in a semi-industrial economy: Modelling alternative policy options in Mexico, in Michael Hopkins, eds., Employment Forecasting: The employment problem in industrialising countries, London, Pinter Publishers.

Singh, A. 1990. The Actual Crisis of Economic Development in the 1980s: An Alternative Policy Perspective for the Future. New Directions in Development Economics, edited by Amitava Krishna Dutt & Kenneth P. Jameson. Edward Elgar, Aldershot pp 81 - 112

Singh, A. 1993. Asian Economic success and Latin American Failure in the 1980: New analyses and future policy implications, International Review of Applied Economics, September.pp 267-289.

Singh, A., 1994. 'Growing Independently of the World Economy: Asian Economic Development Since 1980', Unctad Review, 1994, pp.91 - 106

Singh, A. 1995a. Review of Wood (1994), Economic Journal, Vol. 105, No. 432, September, pp 1287 - 1289.

Singh, A. 1995b. Industrial Policy in Europe and Industrial Development in the Third World, in P. Bianchi, K. Cowling and R.Sudden, eds., Europe's Economic Challenge: Analyses of industrial strategy and agenda for the 1990s, Routledge, London. pp 60 - 78

Singh, A. 1995c. "Institutional Requirements for Full Employment in Advanced Economies", International Labour Review, Vol.134, No.4-5, December, pp.471-495.

Singh, A.; Zammit, A. 1994. Employment and unemployment, North and South, in J. Michie and J.G. Smith, eds. Managing the Global Economy, New York, Oxford University Press, pp 93 - 110

Summers, L. and Thomas, V. 1993. Recent Lessons of Development, Paper presented at the U.N. University/World Bank Symposium on Economic Reform in the Developing Countries, 6 February.

United Nations. 1993. World Social Report, Geneva.

UNCTAD, 1995. Trade and Development Report, Geneva

Wood, A. 1994. North-South trade, employment and inequality, Oxford, Oxford University Press.

World Bank, 1991. The Challenge of Development: World Development Report, Washington, DC.

World Bank, 1995. World Development Report, Oxford, Oxford University Press