Jump to ContentJump to Main Navigation
Globalization and the New Politics of Embedded Liberalism$
Users without a subscription are not able to see the full content.

Jude Hays

Print publication date: 2009

Print ISBN-13: 9780195369335

Published to Oxford Scholarship Online: September 2009

DOI: 10.1093/acprof:oso/9780195369335.001.0001

Show Summary Details
Page of

PRINTED FROM OXFORD SCHOLARSHIP ONLINE (www.oxfordscholarship.com). (c) Copyright Oxford University Press, 2019. All Rights Reserved. Under the terms of the licence agreement, an individual user may print out a PDF of a single chapter of a monograph in OSO for personal use (for details see www.oxfordscholarship.com/page/privacy-policy).date: 16 June 2019

Trade and Employment Volatility in Corporatist and Competitive Labor Markets

Trade and Employment Volatility in Corporatist and Competitive Labor Markets

Chapter:
(p.65) 3 Trade and Employment Volatility in Corporatist and Competitive Labor Markets
Source:
Globalization and the New Politics of Embedded Liberalism
Author(s):

Jude C. Hays (Contributor Webpage)

Publisher:
Oxford University Press
DOI:10.1093/acprof:oso/9780195369335.003.0003

This chapter argues that because of important cross-national differences in domestic political and economic institutions, the severity of Rodrik's globalization dilemma varies across countries. In particular, the degree to which globalization increases demands for protection depends on how, and the extent to which, shocks in international commercial markets are transmitted to domestic labor markets. The chapter is organized as follows. The first section discusses some of the new challenges to corporatism and how corporatist institutions have evolved in response to them. The second section theoretically examines how trade affects labor market volatility in both competitive and corporatist systems—a topic that gets relatively little attention in the literature. It then turns to the empirical relationships between trade, employment, and labor market volatility. The final section reviews the broader literature on the comparative economic performance of national labor markets throughout the OECD, focusing primarily on the issue of wage inequality.

Keywords:   globalization, labor market volatility, trade, protectionism, corporatism, employment, wage inequality

Oxford Scholarship Online requires a subscription or purchase to access the full text of books within the service. Public users can however freely search the site and view the abstracts and keywords for each book and chapter.

Please, subscribe or login to access full text content.

If you think you should have access to this title, please contact your librarian.

To troubleshoot, please check our FAQs , and if you can't find the answer there, please contact us .