Competition Quote by Michael Spence
“Globalization has redefined the competition for employment and incomes in the United States. Tradeoffs will have to be made between the two.”
About This Quote
Source Paper: "Globalization and Labor Markets", 2005
Globalization reshapes U.S. job competition, requiring tradeoffs.
In simple terms: Globalization changes jobs, forcing choices.
Balance growth with equity.
Themes
Mood
Type
When to use this quote
- policy making
- career planning
- education reform
Key Concepts
Questions to Reflect On
- What policies can soften negative impacts?
- How to ensure fair competition?
Tradeoffs may hurt vulnerable groups.