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ERIC Number: ED328783
Record Type: Non-Journal
Publication Date: 1986-Jun
Pages: 60
Abstractor: N/A
Reference Count: N/A
Labor Market Implications of the Growing Internationalization of the U.S. Economy. Research Report Series RR-86-20.
Stone, Charles F.; Sawhill, Isabel V.
A study analyzed how trade has affected and was likely to affect the economy along three dimensions: (1) the employment shifts occurring during the years 1972-1984; (2) the outlook for employment projected to 1990 under four different scenarios; and (3) issues related to displaced workers. Increased international trade was found to have been associated with shifts in the occupational, industrial, and geographic distribution of jobs in the U.S. economy, but not with any significant change in total employment. Total employment was largely determined by macroeconomic monetary and fiscal policies. Projections of employment growth to 1990 under four different macroeconomic scenarios showed that an improvement in underlying macroeconomic conditions could restore more balanced job creation across industries. If the federal budget deficit and the trade deficit were not reduced, the decline in manufacturing and agriculture relative to services would continue to be aggravated, even with strong economic growth. As for the program in place for treating dislocated workers, Title III of the Job Training Partnership Act reached only about a fifth of those who seemed to need it. Findings indicated that effective adjustment programs were needed to distribute the burden of change more fairly. (An executive summary and 24 references are provided.) (YLB)
Publication Type: Reports - Research
Education Level: N/A
Audience: N/A
Language: English
Sponsor: N/A
Authoring Institution: National Commission for Employment Policy (DOL), Washington, DC.
Identifiers - Laws, Policies, & Programs: Job Training Partnership Act 1982