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The European Union in the Era of Globalisation: Competitive challenges, structural unemployment, and policy responses

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  • Gundlach, Erich
  • Nunnenkamp, Peter

Abstract

Competitive pressures for EU industries have mounted because the international division of labour through trade has been complemented by corporate globalisation strategies. The EU is shown to' have dealt with this challenge less successfully than the other two members of the Triad. So far, it has been largely ignored that globalisation implies a closer integration of international labour markets, and hence an increased supply of low-skilled labour. The effectiveness of traditional means to protect low-skilled workers being seriously eroded, alternative policy options are discussed to restore competitiveness and reduce unemployment.

Suggested Citation

  • Gundlach, Erich & Nunnenkamp, Peter, 1994. "The European Union in the Era of Globalisation: Competitive challenges, structural unemployment, and policy responses," Open Access Publications from Kiel Institute for the World Economy 2118, Kiel Institute for the World Economy (IfW Kiel).
    • Handle: RePEc:zbw:ifwkie:2118
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    References listed on IDEAS

    as
    1. Nunnenkamp, Peter & Gundlach, Erich & Agarwal, Jamuna Prasad, 1994. "Globalisation of production and markets," Open Access Publications from Kiel Institute for the World Economy 807, Kiel Institute for the World Economy (IfW Kiel).
    2. Wolfgang F. Stolper & Paul A. Samuelson, 1941. "Protection and Real Wages," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 9(1), pages 58-73.
    3. Agarwal, Jamuna Prasad & Gubitz, Andrea & Nunnenkamp, Peter, 1991. "Foreign direct investment in developing countries: the case of Germany," Open Access Publications from Kiel Institute for the World Economy 423, Kiel Institute for the World Economy (IfW Kiel).
    4. Robert Z. Lawrence & Matthew J. Slaughter, 1993. "International Trade and American Wages in the 1980s: Giant Sucking Sound or Small Hiccup?," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 24(2 Microec), pages 161-226.
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    Cited by:

    1. Nunnenkamp, Peter, 1995. "The German model of corporate governance: Basic features, critical issues, and applicability to transition economies," Kiel Working Papers 713, Kiel Institute for the World Economy (IfW Kiel).
    2. Boris Marinov & Bruce Heiman, 1998. "Company Law and Corporate Governance Renewal in Transition Economies: The Bulgarian Dilemma," European Journal of Law and Economics, Springer, vol. 6(3), pages 231-261, November.
    3. Klodt, Henning & Maurer, Rainer, 1996. "Internationale Direktinvestitionen: Determinanten und Konsequenzen für den Standort Deutschland," Kiel Discussion Papers 284, Kiel Institute for the World Economy (IfW Kiel).

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    JEL classification:

    • F4 - International Economics - - Macroeconomic Aspects of International Trade and Finance

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