ERM report 2007 : restructuring and employment in the EU ; the impact of globalisation

The nature of trade is changing and becoming increasingly global in its outlook. While this is undoubtedly having far-reaching repercussions on labour markets across Europe, the precise nature of the impact is hard to quantify. This report provides some perspectives on the effects of trade liberalisation on the European labour market. For its analysis, it draws on data from the European Restructuring Monitor (ERM), the only EU-wide monitoring instrument available. The 2007 ERM report identifies some of the recent and emerging trends in the current phase of globalisation and provides suggestions on how policy should be re-oriented to address these new circumstances. In this context, the recently adopted European Globalisation adjustment Fund is the main focus of attention. The report also discusses how policymakers and the social partners can best offset some of the negative consequences of globalisation.