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The article discusses the effects of globalisation on labour markets on the Organisation for Economic Co-operation and Development (OECD) countries. Due to the economic emergence of China and India in the international trade, the global supply of labour has increased in large size. Technological advances contributed to heightened income inequality and changed the nature of globalisation itself. In this paper, it is argued that these developments are best characterized as the intensification and broadening of process of globalisation rather than a fundamental change in the nature of globalisation. Nonetheless, China and India will have long-lasting effects on the labour markets of OECD countries, particularly on policies set out in the Restated OECD Job Strategy.

We estimate a gravity model to address the question of whether Africa's bilateral trade with industrial countries is 'unusual' compared with other developing country regions. Our main finding is that the unusually low level of African trade is explained by economic size, geographical distance and population. This result holds after controlling for a country's access to the sea, composition of exports, linguistic ties with industrial countries and trade policies. If anything, the average African country tends to 'overtrade' compared with developing countries in other regions, although the degree to which Africa overtrades has steadily declined over the past two-and-one-half decades. [ABSTRACT FROM AUTHOR]

Presents estimates of an aggregate production function for France, focusing on the role of trade and the importance of capital accumulation by government, households and businesses. Application of Johansen's cointegration methodology; Estimated elasticity of output with respect to research and development capital; Absence of an exogenous technological progress; Effects of integration with the European economy.

Examines the extent to which less developed countries hardly invest in research and development (R&D) benefit from R&D. Transmission channels of R&D spillovers identified by theories of economic growth; Estimated elasticities of total factor productivity with respect to foreign R&D capital stocks, machinery and equipment import shares.