abstract: 'Rapid growth in world trade, foreign direct investment and cross-border financial flows is a sign of increased globalization of the world economy. The worldwide wave of economic liberalization driving these changes has raised significant apprehensions about the implications of globalization for employment and income inequality. This article seeks to allay some of these fears: that unemployment and wage inequality will inevitably increase in industrialized and developing countries; that an emerging global labour market implies a race to the bottom in wages and labour standards; and that these new problems mean the loss of national policy autonomy and government impotence.' affiliation: Lee, E (Corresponding Author), ILO,GENEVA,SWITZERLAND. author: Lee, E author_list: - family: Lee given: E da: '2023-09-28' files: [] issn: 0020-7780 journal: INTERNATIONAL LABOUR REVIEW keywords-plus: WHEELS; TRADE; SAND language: English number: '5' number-of-cited-references: '23' pages: 485-\& papis_id: 0aa2d653350b2f531faed4b58c3b75e2 ref: Lee1996globalizationemploym times-cited: '31' title: 'Globalization and employment: Is anxiety justified?' type: article unique-id: WOS:A1996WG01600002 usage-count-last-180-days: '2' usage-count-since-2013: '10' volume: '135' web-of-science-categories: Economics; Industrial Relations \& Labor year: '1996'