Wage share, globalization and crisis: The case of the manufacturing industry in Korea, Mexico and Turkey

International Review of Applied Economics

Volumn 23, Issue 2, 2009, Pages 113-134

  Onaran, Ozlem ^a,b  

^a Vienna University of Economics and Business Administration   (Germany)

^b VIENNA UNIVERSITY OF ECONOMICS AND BUSINESS   (Austria)

Author keywords

Crisis; Developing countries; FDI; Labor's share; Trade

Indexed keywords

DEVELOPING WORLD; FINANCIAL CRISIS; FOREIGN DIRECT INVESTMENT; GLOBALIZATION; INTERNATIONAL TRADE; MANUFACTURING; MODELING; WAGE;

ASIA; EURASIA; FAR EAST; KOREA; MEXICO [NORTH AMERICA]; NORTH AMERICA; TURKEY;

EID: 61349116219     PISSN: 02692171     EISSN: 14653486     Source Type: Journal    
DOI: 10.1080/02692170802700435     Document Type: Article

References (31)

1. Amsden, A. (1989) Asia's next giant: South Korea and late industrialization, Oxford University Press, Oxford
2. Arestis, P. (1986) Wages and prices in the UK: The Post Keynesian view. Journal of Post-Keynesian Economics, 8:3, pp. 339-358.
3. Blecker, R. (2006) Macroeconomic and structural constraints on Mexican economic growth. Paper presented at the Latin American Studies Association Congress San Juan, Puerto Rico
4. Boratav, K., Yeldan, E. and Kose, A. (2000) Globalization, distribution, and social policy: Turkey, 1980-1998.
5. Burke, J. and Epstein, G. (2001) Threat effects and the internationalization of production.
6. Cornia, G. A. (2004) Inequality, growth, and poverty: An overview of changes over the last two decades. Inequality, growth, and poverty in an era of liberalization and globalization, pp. 3-25. Oxford University Press, Oxford
7. Crotty, J. and Lee, K. (2002) A political-economic analysis of the failure of neo-liberal restructuring in post-crisis Korea. Cambridge Journal of Economics, 26:5, pp. 667-678.
8. Diwan, I. (2001) Debt as sweat: Labor, financial crises, and the globalization of capital. The World Bank
9. Dollar, D. and Kraay, A. (2004) Trade, growth and poverty. Economic Journal, 114:493, pp. 22-49.
10. Edwards, S. (1988) Terms of trade, tariffs and labour market adjustment in developing countries. World Bank Economic Review, 2:2, pp. 165-185.
11. Feenstra, R. C. and Hanson, G. H. (1997) Foreign direct investment and relative wages: Evidence from Mexico's maquiladoras. Journal of International Economics, 42:3, pp. 371-393.
12. Galbraith, J. K., Conceicao, P. and Kum, H. (2000) Inequality and growth reconsidered once again: Some new evidence from old data.
13. Gallagher, K. P. and Zarsky, L. (2004) Sustainable industrial development? The performance of Mexico's FDI-led integration strategy. Global Development and Environmental Institute, Tufts University
14. Gollin, D. (2002) Getting income shares right. Journal of Political Economy, 110:2, pp. 458-475.
15. Ghosh, J. (2005) Exporting jobs or watching them disappear? Relocation, employment and accumulation in the world economy. Work and well-being in the age of finance, pp. 99-119. Tulika Books, New Delhi
16. Griffin, K. (2003) Economic globalization and institutions of global governance. Development and Change, 34:5, pp. 789-807.
17. Haque, I. (2004) Globalization, neoliberalism, and labour.
18. Harrison, A. E. (2002) Has globalization eroded labor's share? Some cross-country evidence. Mimeo, UC Berkeley
19. International Labour Office (ILO) (2004) A fair globalization: Creating opportunities for all, ILO, Geneva
20. Lee, K. and Jayadev, A. (2005) The effects of capital account liberalization on growth and the labor share of income: Reviewing and extending the cross-country evidence. Capital flight and capital controls in developing countries, pp. 15-57. Edward Elgar, Northampton
21. Milner, C. and Wright, P. (1998) Modelling labour market adjustment to trade liberalisation in an industrialising economy. The Economic Journal, 108:447, pp. 509-528.
22. Onaran, O. and Stockhammer, E. (2005) Two different export-oriented growth strategies: Accumulation and distribution in Turkey and South Korea. Emerging Markets Finance and Trade, 41:1, pp. 65-89.
23. Onaran, O. and Yentürk, N. (2001) Do low wages stimulate investments? An analysis of the relationship between wages and investments in Turkish private manufacturing industry. International Review of Applied Economics, 15:4, pp. 359-374.
24. Pollin, R. (2002) Globalization and the transition to egalitarian development.
25. Rodrik, D. (1998) Capital mobility and labor. Mimeo, Harvard University
26. Rowthorn, R. E. (1977) Conflict, inflation and money. Cambridge Journal of Economics, 1:3, pp. 5-39.
27. Salas, C. and Zepeda, E. (2003) Employment and wages: Enduring the costs of liberalization and economic reform. Confronting development: Assessing Mexico's economic and social policy challenges, pp. 522-560. Stanford University Press, Stanford
28. Sylos-Labini, P. (1979) Prices and income distribution in manufacturing industry. Journal of Post-Keynesian Economics, 2:1, pp. 3-25.
29. UNCTAD (1997) Trade and development report, United Nations, Geneva
30. Van der Hoeven, R. and Saget, C. (2004) Labor market institutions and income inequality: What are the new insights after the Washington Consensus?. Inequality, growth, and poverty in an era of liberalization and globalization, pp. 197-220. Oxford University Press, Oxford
31. World Bank (2006) World development report 2006: Equity and development, Oxford University Press, New York