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How to Spend it: Putting a Labour Market Modernization Fund in Place of the European Globalization Adjustment Fund
Author(s) -
KOUTSIARAS NIKOS
Publication year - 2010
Publication title -
jcms: journal of common market studies
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 1.54
H-Index - 90
eISSN - 1468-5965
pISSN - 0021-9886
DOI - 10.1111/j.1468-5965.2010.02066.x
Subject(s) - modernization theory , globalization , politics , economics , relevance (law) , market economy , investment fund , sovereign wealth fund , economic system , labour economics , political science , economic growth , incentive , law
In this article a case is made for the establishment of a Labour Market Modernization Fund aiming at stimulating national labour market reforms, via rewarding effective policy effort and alleviating political economic constraints. It also is argued that the Labour Market Modernization Fund should take the place and, at least, the dowry of the European Globalization Adjustment Fund, the economics of which is weak and its politics questionable, hence making its relevance doubtful and poorly providing for meaningful adaptation.