Jobs and Incomes in a Globalizing World
Ajit K. Ghose, Ajit Kumar GhoseISBN: 9221127176;
Presenting results of new research, the author shows that, contrary to popular perceptions, global income inequality is actually declining, South-North migration is falling, and job opportunities and wages are rising in a significant number of developingcountries. Moreover, the author finds no evidence of falling labour standards in integrating economics, nor that globalization can be blamed for the labour market disadvantages of low-skilled labour in industrialized countries. While showing many of the public concerns about globalization to be unfounded, the analysis exposes other serious problems that until now have received scant attention, such as increasing marginalization of the poorest countries heavily dependent on exports of primary commodities,a high and growing level of brain drain from poor to rich countries, the potentially high costs for developing countries of pursuing integration as an objective in itself, and the failure of globalization to stimulate global economic...
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