An outline of the globalisation phenomenon, globalisation and labour market literature & its effects on wages and employment and highlights of strategies pursued by the labour movement in Australia and internationally in response to globalisation. A speech by Tim Harcourt, ACTU Research Officer.
Globalisation And Its Labour Market Effects - What Do We Know And What Should We Do?
Thank you for the invitation to speak at this important conference. The Globalisation debate is something that the trade union movement should play an active part in and not just be on the fringes. We should also not accept that there is one form of 'globalisation' that dominates the world and that it is in some way, inevitable.
The global economy is made up of both international and national economic institutions. The globalisation model that is preferred by international capital markets and promoted (naively) by neo-classical academic economists does not have to be the one accepted by the labour movement.
It is important that we have a say in shaping the economic institutions of the global economy to ensure that there is a social and labour dimension.
I want to do three things in my paper today:
First, I will outline the globalisation phenomenon that is becoming the major public policy issue of the 1990s.
Second, I will focus on the globalisation and labour market literature, to analyse what the research evidence says about the effects of globalisation on wages and employment.
Third, I will highlight some of the strategies pursued by the labour movement in Australia and internationally in response to globalisation.