-capital model of multinational enterprises provides the analytical basis for the discussion of labour market repercussions. Vertical … labour market situation of less skilled workers deteriorated significantly. …

Germany: (i) an upsurge in interindustry trade, (ii) a skill-biased technical change, and (iii) a failure of labour market … in Germany. Thus, economic policy in Germany should focus on improving the employability of workers in the lower segment … of the labour market and on raising the adjustment flexibility, above all the flexibility of the wage structure, of the …