The decline in unskilled workers’ real wagesduring the 1980s in the United States andthe increase in their unemployment inEurope (due to the comparative inflexibilityof European labor markets vis-à-vis those in the UnitedStates)1 have prompted a search for possible explanations.This search...

Today, the principal focus of anti-globalizers is not the effect of globalization on economic prosperity but its harm to social agendas such as the reduction of child labour and poverty, the maintenance of rich-country labour and environmental standards, the exercise of national sovereignty, the...

The costs of import substitution (IS) as a strategy for industrialization, which was deemed synonymous with economic development by many development economists of the fifties and sixties, were shown to be substantial in the influential and nuanced studies of the seventies and eighties under the...