Journal of Economic Perspectives: Vol. 12 No. 4 (Fall 1998)


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Globalization, Labor Markets and Policy Backlash in the Past

Article Citation

Williamson, Jeffrey G. 1998. "Globalization, Labor Markets and Policy Backlash in the Past." Journal of Economic Perspectives, 12(4): 51-72.

DOI: 10.1257/jep.12.4.51


The late nineteenth and twentieth centuries have many things in common. Both periods recorded fast growth, convergence, and labor-market integration between OECD members. Both periods witnessed intense debate about who gained and who lost from globalization. Furthermore, the earlier period saw a retreat from global liberalism long before the interwar deglobalization disaster. Did globalization of that time plant seeds of its own destruction? Are there lessons for the present?

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Williamson, Jeffrey G. (Harvard U)

JEL Classifications

N30: Economic History: Labor and Consumers, Demography, Education, Health, Welfare, Income, Wealth, and Religion: General, International, or Comparative
F16: Trade and Labor Market Interactions
F02: International Economic Order
N70: Economic History: Transport, International and Domestic Trade, Energy, Technology, and Other Services: General, International, or Comparative
F22: International Migration


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