Globalization, earnings and consumer prices: Taking stock of the benefits from global economic integration

Bericht

Globalization has been accused of "stealing jobs" and depressing wages in the developed part of the world. China's entry into the world economy, in particular, has sparked fears about a "middle-class squeeze". These fears resemble the anxiety in previous eras over the rise of new emerging markets. As recent as twenty years ago, Japanese firms were by some considered to be far too competitive for American or European firms to survive. Now, as then, most of these fears are based on erroneous facts and wild exaggerations. In this new Policy Brief, Fredrik Erixon analyses data on wages, prices and income to estimate the benefits from globalization. He finds a strong link between disinflation and rising real income.

Object Details

• Language: Englisch

References and Relationships

• Bibliographic citation: Series: ECIPE Policy Brief ; No. 5/2008

Classification and Topics

• Classification: Wirtschaft
• Subject: Globalisierung ; Verteilungswirkung

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Erixon, Fredrik
• Event: Veröffentlichung
• (who): European Centre for International Political Economy (ECIPE)
• (where): Brussels
• (when): 2008

Further information

• Handle: http://hdl.handle.net/10419/174747
• Last update: 10.03.2025, 11:43 AM CET