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The debate on the risks and benefits of the globalisation of international capital markets has focused on the volume and the volatility of the main capital flows — foreign direct investment (FDI), portfolio investment, and foreign bank lending. Financial transfers in the form of worker...
Persistent link: https://www.econbiz.de/10005755227
) reaction to rising and falling unemployment. In contrast, wage growth in establishments without collective bargaining adjusts … only to falling unemployment and is unaffected by rising unemployment …
Persistent link: https://www.econbiz.de/10008694070