The Twin Effects of Globalization
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...
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| Format: | Policy Research Working Paper |
| Language: | English en_US |
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World Bank, Washington, DC
2014
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| Online Access: | http://documents.worldbank.org/curated/en/2003/10/2778573/twin-effects-globalization http://hdl.handle.net/10986/18049 |
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okr-10986-180492021-04-23T14:03:41Z The Twin Effects of Globalization Daveri, Francesco Manasse, Paolo Serra, Danilo AGRICULTURE BALANCE OF PAYMENTS CAPITAL GOODS CAPITAL MARKETS COMPARATIVE ADVANTAGE COMPETITORS CONSUMERS CORPORATIONS DUMPING ECONOMETRIC ANALYSIS ECONOMIC INTEGRATION ELASTICITY ELASTICITY OF SUBSTITUTION EMPLOYMENT EQUILIBRIUM EXPANSION EXPECTED UTILITY EXPORTS FIRM SIZE FIRMS FOREIGN COMPETITION GDP GROWTH RATE HUMAN CAPITAL IMPERFECT COMPETITION IMPORT QUOTAS IMPORTS INCENTIVE EFFECTS INCOME INSURANCE JOINT VENTURES LABOR MARKETS LEGISLATION LEISURE LICENSING MARGINAL PRODUCT MARGINAL VALUE MARKET COMPETITION MARKET LIBERALIZATION OWNERSHIP STRUCTURE PRESENT VALUE PRODUCERS PRODUCTION FUNCTION PRODUCTIVITY PRODUCTIVITY GROWTH PUBLIC ENTERPRISES PURCHASING POWER REAL WAGES RISK AVERSION SUPPLIERS TARIFF BARRIERS TAX RATES TECHNOLOGY TRANSFERS TERMS OF TRADE TIME SERIES TRADE LIBERALIZATION UNEMPLOYMENT UTILITY FUNCTION WAGE DIFFERENTIALS WAGE RATES WAGES WORLD TRADE ORGANIZATION GLOBALIZATION BUSINESS ENVIRONMENT RISK MANAGEMENT LABOR MARKET NEXUS MANUFACTURING ENTERPRISES CASE STUDIES FOREIGN INVESTMENTS COMPETITION UNFAIR EARNINGS CAPACITY EMPLOYEE RIGHTS CAREER DEVELOPMENT SKILLS GLOBALIZATION WORLD TRADE ORGANIZATION WTO trade and wages 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. 2014-04-25T16:10:16Z 2014-04-25T16:10:16Z 2003-10 http://documents.worldbank.org/curated/en/2003/10/2778573/twin-effects-globalization http://hdl.handle.net/10986/18049 English en_US Policy Research Working Paper;No. 3154 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank, Washington, DC Publications & Research :: Policy Research Working Paper Publications & Research South Asia India |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English en_US |
| topic |
AGRICULTURE BALANCE OF PAYMENTS CAPITAL GOODS CAPITAL MARKETS COMPARATIVE ADVANTAGE COMPETITORS CONSUMERS CORPORATIONS DUMPING ECONOMETRIC ANALYSIS ECONOMIC INTEGRATION ELASTICITY ELASTICITY OF SUBSTITUTION EMPLOYMENT EQUILIBRIUM EXPANSION EXPECTED UTILITY EXPORTS FIRM SIZE FIRMS FOREIGN COMPETITION GDP GROWTH RATE HUMAN CAPITAL IMPERFECT COMPETITION IMPORT QUOTAS IMPORTS INCENTIVE EFFECTS INCOME INSURANCE JOINT VENTURES LABOR MARKETS LEGISLATION LEISURE LICENSING MARGINAL PRODUCT MARGINAL VALUE MARKET COMPETITION MARKET LIBERALIZATION OWNERSHIP STRUCTURE PRESENT VALUE PRODUCERS PRODUCTION FUNCTION PRODUCTIVITY PRODUCTIVITY GROWTH PUBLIC ENTERPRISES PURCHASING POWER REAL WAGES RISK AVERSION SUPPLIERS TARIFF BARRIERS TAX RATES TECHNOLOGY TRANSFERS TERMS OF TRADE TIME SERIES TRADE LIBERALIZATION UNEMPLOYMENT UTILITY FUNCTION WAGE DIFFERENTIALS WAGE RATES WAGES WORLD TRADE ORGANIZATION GLOBALIZATION BUSINESS ENVIRONMENT RISK MANAGEMENT LABOR MARKET NEXUS MANUFACTURING ENTERPRISES CASE STUDIES FOREIGN INVESTMENTS COMPETITION UNFAIR EARNINGS CAPACITY EMPLOYEE RIGHTS CAREER DEVELOPMENT SKILLS GLOBALIZATION WORLD TRADE ORGANIZATION WTO trade and wages |
| spellingShingle |
AGRICULTURE BALANCE OF PAYMENTS CAPITAL GOODS CAPITAL MARKETS COMPARATIVE ADVANTAGE COMPETITORS CONSUMERS CORPORATIONS DUMPING ECONOMETRIC ANALYSIS ECONOMIC INTEGRATION ELASTICITY ELASTICITY OF SUBSTITUTION EMPLOYMENT EQUILIBRIUM EXPANSION EXPECTED UTILITY EXPORTS FIRM SIZE FIRMS FOREIGN COMPETITION GDP GROWTH RATE HUMAN CAPITAL IMPERFECT COMPETITION IMPORT QUOTAS IMPORTS INCENTIVE EFFECTS INCOME INSURANCE JOINT VENTURES LABOR MARKETS LEGISLATION LEISURE LICENSING MARGINAL PRODUCT MARGINAL VALUE MARKET COMPETITION MARKET LIBERALIZATION OWNERSHIP STRUCTURE PRESENT VALUE PRODUCERS PRODUCTION FUNCTION PRODUCTIVITY PRODUCTIVITY GROWTH PUBLIC ENTERPRISES PURCHASING POWER REAL WAGES RISK AVERSION SUPPLIERS TARIFF BARRIERS TAX RATES TECHNOLOGY TRANSFERS TERMS OF TRADE TIME SERIES TRADE LIBERALIZATION UNEMPLOYMENT UTILITY FUNCTION WAGE DIFFERENTIALS WAGE RATES WAGES WORLD TRADE ORGANIZATION GLOBALIZATION BUSINESS ENVIRONMENT RISK MANAGEMENT LABOR MARKET NEXUS MANUFACTURING ENTERPRISES CASE STUDIES FOREIGN INVESTMENTS COMPETITION UNFAIR EARNINGS CAPACITY EMPLOYEE RIGHTS CAREER DEVELOPMENT SKILLS GLOBALIZATION WORLD TRADE ORGANIZATION WTO trade and wages Daveri, Francesco Manasse, Paolo Serra, Danilo The Twin Effects of Globalization |
| geographic_facet |
South Asia India |
| relation |
Policy Research Working Paper;No. 3154 |
| description |
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. |
| format |
Publications & Research :: Policy Research Working Paper |
| author |
Daveri, Francesco Manasse, Paolo Serra, Danilo |
| author_facet |
Daveri, Francesco Manasse, Paolo Serra, Danilo |
| author_sort |
Daveri, Francesco |
| title |
The Twin Effects of Globalization |
| title_short |
The Twin Effects of Globalization |
| title_full |
The Twin Effects of Globalization |
| title_fullStr |
The Twin Effects of Globalization |
| title_full_unstemmed |
The Twin Effects of Globalization |
| title_sort |
twin effects of globalization |
| publisher |
World Bank, Washington, DC |
| publishDate |
2014 |
| url |
http://documents.worldbank.org/curated/en/2003/10/2778573/twin-effects-globalization http://hdl.handle.net/10986/18049 |
| _version_ |
1764438762092232704 |