Mediterranean labor markets in the first age of globalization : an economic history of real wages and market integration / Paul Caruana Galizia.

Format:

Book

Author/Creator:

Caruana Galizia, Paul, 1988- author.

Language:

English

Subjects (All):

Labor market--Mediterranean Region.

Labor market.

Migrant labor--Mediterranean Region.

Migrant labor.

Wages.

Emigration and immigration.

Mediterranean Region--Emigration and immigration.

Mediterranean Region.

Wages--Mediterranean Region.

Physical Description:

xiv, 197 pages ; 23 cm

Edition:

First edition.

Place of Publication:

New York, NY : Palgrave Macmillan, 2015.

Summary:

"Why did the Mediterranean not engage with an unprecedented age of globalization? Clear economic analysis shows protective trade policy, poverty, and overpopulation held migration and so the region's global integration back. Most countries reacted to the globalization of commodity markets with tariff hikes, experiencing declining terms of trade and slower wage growth relative to open economies. Overpopulation kept unskilled wages low and wage gaps wide. The emigration of unskilled labor was not high enough to raise domestic unskilled wages, and thereby reduce domestic inequality. Further, the well-documented emigration from the northern Mediterranean to the New World was not high enough to facilitate the region's integration with the global labor market. Emigration from the British Mediterranean, Syria, and North Africa was high enough, but the countries themselves comprised too small a part of the Mediterranean for the region to globally integrate in aggregate. The result: income inequality and relative economic decline. There are lessons for today's debate on migration"-- Provided by publisher.

Contents:

Machine generated contents note:

1. Introduction2. Theoretical and Empirical Foundations3. Historical Context4. Explaining Mediterranean Emigration5. The Globalization of Trade and Labor Markets 6. Emigration and Wage Inequality7. Global migration and wage convergence 8. Conclusion.

Notes:

Includes bibliographical references and index.

ISBN:

9781137401083

1137401087

OCLC:

891610564

Online:

Cover image