Twin effects of globalization

By: Contributor(s): Material type: TextTextSeries: Policy Research Working Paper, no. 3154Publication details: Washington, D. C. World Bank 2003Description: 31 pSubject(s): DDC classification:
  • 338.88
Summary: Employees of "globalized" firms face a riskier, but potentially more rewarding, menu of labor market outcomes. The authors document this neglected tradeoff of globalization for a sample of Indian manufacturing firms. On the one hand, the employees of firms subject to foreign competition face a more uncertain stream of earnings and riskier employment prospects. On the other hand, they enjoy a more rapid career growth and have more opportunities to train and upgrade their skills. The negative uncertainty costs and the positive incentive effects of globalization are thus twin to each other. Concentrating on just one side of the coin gives a misleading picture of globalization. http://documents.worldbank.org/curated/en/801841468751137595/The-twin-effects-of-globalization
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Books Vikram Sarabhai Library Rack 23-A / Slot 960 (0 Floor, East Wing) General Stacks 338.88 D2T9 (Browse shelf(Opens below)) Available 156139

Employees of "globalized" firms face a riskier, but potentially more rewarding, menu of labor market outcomes. The authors document this neglected tradeoff of globalization for a sample of Indian manufacturing firms. On the one hand, the employees of firms subject to foreign competition face a more uncertain stream of earnings and riskier employment prospects. On the other hand, they enjoy a more rapid career growth and have more opportunities to train and upgrade their skills. The negative uncertainty costs and the positive incentive effects of globalization are thus twin to each other. Concentrating on just one side of the coin gives a misleading picture of globalization.

http://documents.worldbank.org/curated/en/801841468751137595/The-twin-effects-of-globalization

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