clipped from: www.voxeu.org   

Today’s globalisation is operating with higher resolution. It is not enough to think of skill groups and sectors; the impact is more unpredictable, sudden and individual than in the past. This column assesses how high-resolution globalisation differs and how governments need to respond to make it work.


The Kiel Institute’s Global Economic Symposium – something like a New Century Davos – is being held in a Northern German castle and it is open to the web community. Globalisation is on the agenda. Alan Blinder has contributed his thoughts on “Offshoring, Workforce Skills, and the Educational System.” Here are my comments on the subject.


The new ‘new wave of globalisation’ in perspective


Globalisation is the great unbundling, or rather many.1


In the late 19th Century and first three-quarters of the 20th, globalisation meant the spatial unbundling of factories and consumers.

These revolutions also transformed the skill mix a nation needed for success;

Social consequences