Globalization and the Perceptions of American Workers
Peterson Institute, 2001 - Business & Economics - 130 pages
A number of recent events in the United States attest to a "globalization backlash" in opposition to continued liberalization of trade, foreign direct investment & immigration.This backlash has been commonly characterized as reflecting the interests of small groups whose diverse agendas have very little connection, if any, to the economic consequences of policy liberalization. The authors of this book argue that this characterization is wrong. The backlash reflects widespread skepticism among US citizens about globalization & these perceptions seem to be closely connected to the labor-market pressures that globalization may be imparting on US workers. The empirical case for the book's argument is based on three key findings. First, a wide range of public opinion surveys indicates that US citizens recognize both the costs & benefits of integration with the world economy, but they tend to weigh the costs more than the benefits. Second, these policy preferences cut most strongly across labor-market skills. Less-skilled workers are much more likely to oppose freer trade & immigration than their more-skilled counterparts.Third, this skills-preferences gap may reflect very different wage-growth levels across skill groups in the US labor market since the early 1970s. Less-skilled US workers-a group that still constitutes the majority of the US labor force-have had close to zero or even negative real wage growth & have also seen sharp declines in their wages relative to more-skilled workers. While concerns about the impact of globalization on the environment, human rights & other issues are an important part of the politics of globalization, it is the link between policy liberalization, worker interests & individual opinions that forms the foundation for the backlash against liberalization in the United States. January 2000. 150 pages (approx.). ISBN: paper 0-88132-295-4. $18.95.
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American Political Science analysis asset average Borjas chapter coefficient correlation costs countries County Exposure Dani Rodrik dichotomous variable earnings effect estimated evidence factor favor foreign direct investment Fred Bergsten Gary Clyde Hufbauer high school High-Immigration MSA immigrant inflows Immigration Opinion immigration policy preferences imports income increase inequality International Economics International Policy Attitudes international trade ISBN John Williamson know/refused labor force labor-market pressures less-skilled workers logit lower majority of Americans markets missing data multiple imputation NAFTA National Election Studies nontraded Occupation Wage October opinions about trade percent political awareness Political Science probability of supporting product prices Program on International protectionist public opinion Question real-wage growth regressors relative reported Responses Rindal robust Sector Tariff skill levels Slaughter Source standard deviation standard error statistically supporting trade restrictions survey tariffs think that trade tion trade agreements trade and immigration trade barriers trade exposure trade liberalization trade policy preferences United worker perceptions
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