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International Wage Determination and Globalization

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International Wage Determination and Globalization
Topic: Economics 1:32 am EDT, Aug 29, 2002

This is an interesting report on global wages. Lots of good data and interesting conclusions. Its easy to decide on a course of action based on the data here. Please try to look critically at the conclusions YOU come to from this data.

For example, the author seems to conclude that wage equity in poor countries would improve if professionals and executives were prevented from working in or for countries other then their country of origin. This conclusion presents a classic example of an issue traditional left and right wing perspectives could never agree on.

A traditional left perspective would advocate the importance of equality and would put little stock in the rights of wealthy upper classes.

A traditional right wing perspective would advocate individual liberty, claiming that it is simply immoral for governments to restrict the free travel or free association of their people, no matter what the cost may be.

This is just an example. There are lots of juicy fault lines like this in this information.

International Wage Determination and Globalization



 
 
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