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Globalisation and the European Union: Which Countries are Best Placed to Cope?

Author

Listed:
  • David Rae

    (OECD)

  • Marte Sollie

    (OECD)

Abstract
Globalisation can be a threat or an opportunity, depending on a country’s trade mix and its economic and regulatory structure. This paper assesses which EU countries are most exposed to globalisation using, among other indicators, measures of revealed comparative advantage. It then looks at which countries are best placed to cope. This depends on labour and product market flexibility, the average skill level of the workforce, the innovation framework, the quality of the education system and the level and type of support, such as job-search assistance, that is given to those who are harmed by globalisation. This paper relates to the 2007 Economic Survey of the European Union(www.oecd.org/eco/surveys/eu). Mondialisation et Union européenne : quels sont les pays les mieux placés pour y faire face ? La mondialisation peut être une menace ou une opportunité, selon la composition des échanges des pays, leur structure économique et leur réglementation. Cet article évalue les pays de l’UE qui sont les plus exposés à la mondialisation en utilisant, parmi d’autres indicateurs, des mesures des avantages comparatifs révélés. Il examine ensuite quels sont les pays les mieux placés pour faire face à ce défi. Ceci dépend de la flexibilité des marchés du travail et des produits, du niveau de qualification moyenne de la main-d’oeuvre, du cadre concernant l’innovation, de la qualité du système éducatif et des niveaux et types de soutien, comme les aides à la recherche d’un emploi, qui sont mises à la disposition de ceux qui ont subi des préjudices à cause de la mondialisation.

Suggested Citation

  • David Rae & Marte Sollie, 2007. "Globalisation and the European Union: Which Countries are Best Placed to Cope?," OECD Economics Department Working Papers 586, OECD Publishing.
    • Handle: RePEc:oec:ecoaaa:586-en
    DOI: 10.1787/038471381552
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    Citations

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    Cited by:

    1. Crafts, Nicholas, 2013. "Long-Term Growth in Europe: What Difference does the Crisis Make?," National Institute Economic Review, National Institute of Economic and Social Research, vol. 224, pages 14-28, May.
    2. Nicholas Crafts & Marco Magnani, 2011. "The Golden Age and the Second Globalization in Italy," Quaderni di storia economica (Economic History Working Papers) 17, Bank of Italy, Economic Research and International Relations Area.
    3. Crafts, Nicholas, 2012. "Western Europe's Growth Prospects: an Historical Perspective," CEPR Discussion Papers 8827, C.E.P.R. Discussion Papers.
    4. Anja Rohwer & Anja Hülsewig, 2008. "Kann man Globalisierung messen? Ein Vergleich zweier unterschiedlicher Indizes zur Messung der Globalisierung," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 61(10), pages 31-37, May.
    5. Peter A.G. van Bergeijk, 2009. "Economic Diplomacy and the Geography of International Trade," Books, Edward Elgar Publishing, number 13518.
    6. Neagu Olimpia, 2019. "Disparities Regarding Competitiveness, Human Capital And Inclusive Development In The Eu: A Cluster Analysis," Annals - Economy Series, Constantin Brancusi University, Faculty of Economics, vol. 1, pages 61-71, February.
    7. Crafts, Nicholas, 2012. "Creating Competitive Advantage: Policy Lessons from History," CAGE Online Working Paper Series 91, Competitive Advantage in the Global Economy (CAGE).

    More about this item

    Keywords

    commerce; flexibilité du marché du travail; globalisation; labour market flexibility; mondialisation; regulation; réglementation; trade;
    All these keywords.

    JEL classification:

    • E60 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - General
    • F10 - International Economics - - Trade - - - General
    • F43 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Economic Growth of Open Economies

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    1. Mondialisation

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