We study the roles of globalization and structural change in the evolution of international GDP comovement among … share of less correlated sectors in GDP. Globalization - trend reductions in trade costs - exerts two opposing effects on … therefore comovement. On the other, globalization induces structural change towards services because it reduces the relative …

The strikingly different labor market performance of major industrial countries suggests that neither globalization nor …. Rather, globalization and technological change cause labor market problems in those economies that fail to adjust sectoral … experience of Japan and the United Kingdom points to missing links in the debate on labor market effects of globalization and …