Globalization, Labor Markets and Policy Backlash in the Past
- 1 November 1998
- journal article
- Published by American Economic Association in Journal of Economic Perspectives
- Vol. 12 (4) , 51-72
- https://doi.org/10.1257/jep.12.4.51
Abstract
The late nineteenth and twentieth centuries have many things in common. Both periods recorded fast growth, convergence, and labor-market integration between OECD members. Both periods witnessed intense debate about who gained and who lost from globalization. Furthermore, the earlier period saw a retreat from global liberalism long before the interwar deglobalization disaster. Did globalization of that time plant seeds of its own destruction? Are there lessons for the present?Keywords
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