-abundant countries into the world economy. With flexible wages, a negative supply shock leads to a decrease in the wage rate while … employment remains constant. With a rigid wage rate, a rise in unemployment of unskilled labour follows. The model explains the …

Globalization and unemployment are two phenomena which are amongst the most widely discussed subjects in the economic … debate today. Often, globalization is regarded as being responsible for the increase in unemployment, particularly in … unskilled labor. This book deals with the correlation between globalization and unemployment under various aspects: historical …