Jump to ContentJump to Main Navigation
Working Hard, Working PoorA Global Journey$
Users without a subscription are not able to see the full content.

Gary S. Fields

Print publication date: 2011

Print ISBN-13: 9780199794645

Published to Oxford Scholarship Online: January 2012

DOI: 10.1093/acprof:oso/9780199794645.001.0001

Show Summary Details
Page of

PRINTED FROM OXFORD SCHOLARSHIP ONLINE (oxford.universitypressscholarship.com). (c) Copyright Oxford University Press, 2020. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in OSO for personal use. date: 03 December 2020

Labor Markets in a Globalized World

Labor Markets in a Globalized World

(p.68) 5 Labor Markets in a Globalized World
Working Hard, Working Poor

Gary S. Fields

Oxford University Press

This chapter explores globalization in the twenty-first century and the nature of labor markets in today's globalized world. Four points are made: First, for the most part, because of restrictions on international migration, poor people in the developing world are not able to sell their labor where it will command the highest return. Second, labor markets throughout the world are linked by an unprecedented degree of labor market competition. Third, labor markets are highly competitive because numerous industries face an unprecedented degree of product market competition on the global level. Such globalization increasingly limits the scope for national, subnational, and local action, e.g., individual country governments, individual labor unions, and so on. And fourth, in today's globalized world, few competitive advantages are sustainable; most advantages are likely to be short-lived.

Keywords:   globalization, restrictions on international migration, labor market competition, product market competition, competitive advantage

Oxford Scholarship Online requires a subscription or purchase to access the full text of books within the service. Public users can however freely search the site and view the abstracts and keywords for each book and chapter.

Please, subscribe or login to access full text content.

If you think you should have access to this title, please contact your librarian.

To troubleshoot, please check our FAQs , and if you can't find the answer there, please contact us .