The strikingly different labor market performance of major industrial countries suggests that neither globalization nor … skill-biased technological change necessarily result in rising unemployment or declining wages of low-skilled workers …. Rather, globalization and technological change cause labor market problems in those economies that fail to adjust sectoral …

The claim of globalization critics that the income gap to industrial countries is bound to widen for essentially all … developing countries as a consequence of economic globalization is in conflict with empirical evidence. Economic performance … and foreign indebtedness which may explain the varying experience with globalization in regard to per capita income growth …