Introduction to the special theme: theorizing transnational labour markets

In this introduction to the special themed section, ‘Theorizing transnational labour markets: economic‐sociological approaches’, I introduce the reader to the topic and give an overview of the four contributions. The terms ‘global labour market’ and ‘transnational labour market’ are broadly used to account for contemporary social phenomena as diverse as the ever‐closer integration of China or India, with their huge labour forces, into the world economy, the off‐shoring of specific operations of MNCs to countries with cheap labour, or cross‐border labour migration. In most of these cases, the existence of global or transnational labour markets is taken for granted by the media, consulting agencies and other economic actors. However, scholars in labour market research and cross‐border migration alike have largely ignored the categories of global or transnational labour markets. Thus far, it remains unclear what these terms really mean and how we should address them theoretically. The aim of this themed section, therefore, is to view cross‐border labour migration through an economic‐sociological lens and thus bring into dialogue migration and labour market scholarship. By introducing a transnational perspective into labour market research, we hope to make a useful contribution towards theorizing on cross‐border labour markets and thereby overcome the methodological nationalism that seems to have crept into this area of scholarship.     

Foreign trade barriers and jobs in global supply chains

This article uses ILO global supply chain job estimates to study the impact on domestic jobs of foreign barriers to trade in goods and services. Empirical analysis largely confirms predictions derived from a theoretical model calibrated to WIOD data for 2000 and 2011. Barriers to trade in manufacturing and services are both found to have a cross‐border impact on jobs in their own sector and spill‐over effects in other sectors, the latter becoming stronger over time. This article shows the labour market consequences of the increased interconnectedness of countries and sectors through global supply chains, which suggests that trade policy can have significant external effects on foreign labour markets.     

EU Accession, Financial Integration, and Contagion Effects: Dynamic Correlation Analysis of CEEC-3 Bond Markets

In this paper, we investigate the conditional correlations between the bond markets in CEEC-3 (i.e., Poland, Czech Republic, and Hungary) and Germany from 2000 to 2013 using the asymmetric dynamic conditional correlation model developed by Cappiello et al. (J Financ Econ 4:557–572, 2006). CEEC-3 comprise emerging transition economies that became European Union (EU) members in 2004, while Germany serves as a representative of the EU because it is the largest economy in the eurozone. Based on the presented analytical models, we make four important findings. First, we show that financial integration had already evolved before the adoption of the euro in 2004 in the Czech Republic, while the financial integration process continues in Poland but not in Hungary. Second, the bond markets in both Poland and Hungary decreased their dependence on that in Germany during the global financial crisis period. Third, financial contagion did not occur in the bond markets in CEEC-3 and Germany during the European sovereign debt crisis period. Finally, we can observe asymmetric effects on returns over time when markets fluctuate sharply.     

Labour in Global Production: Reflections on Coxian Insights in a World of Global Value Chains

Abstract

This essay reflects on Robert W. Cox's work on global production, labour, and labour governance, and considers how his insights might illuminate the present conjuncture for labour in production. I work with an understanding of that conjuncture as involving the rise to pre-eminence of global production networks (GPNs) and global value chains (GVCs) as the contemporary expression of the ongoing globalization of production. The primary tasks of the essay are twofold: first, to explore the dynamics of labour and power in the GVC-based global economy, with a particular emphasis on labour exploitation; and second, to link these questions to those of the governance of the global economy, focusing on the shift towards transnational private governance as the dominant mode of contemporary governance, and on the evolving strategies of organized labour and the International Labour Organization in that context.     

Global Political Economy: Power, Labour, Politics

This discussion examines the issue of globalisation in terms of the interaction of economy, politics and power. It begins by considering the claims implied by the language of globalisation. How extensive and inclusive is the global economy? The second section goes on to outline the broad geography of globalisation in terms of a balance of power that is both highly uneven but also subject to marked changes. While the global economy as this developed since the 1970s may have reproduced established patterns of colonial and post‐war economic power, in the current century, power is shifting away from these nineteenth‐ and twentieth‐century models to a new balance of regional power in which large Asian economies may dominate. Alongside these patterns of regional and national power, third, the discussion considers the uneven geography of capital and labour captured in models of an international division of labour that is organised by flows of capital investment but also of mobile workers. The final section offers an overview of the architecture of global politics, from the level of international institutions and nation‐states, to non‐governmental bodies that operate across borders to support or resist the workings of a global economy.     

Culturally tailored workers for specialised destinations: producing Filipino migrant subjects for export

This multi-sited, mixed-methods study in Canada and the Philippines examines how migrant workers are manufactured and deployed to a range of global destinations by the Filipino migration apparatus. Building on scholarship examining how the Filipino state markets, selects and prepares Filipino (labour) migrants from and to the Philippines, I show that beyond seeking to produce a temporary migrant workforce with a ‘comparative advantage’ (including traits like ‘docile’, ‘hardworking’, ‘English-speaking’ and ‘loyal’), the state alongside recruiters and other actors in the migration industry also seek to produce workers with cultural knowledge of norms in receiving destinations. This is another dimension through which the Philippines aims to establish its ‘superiority’ in the international market for temporary labour. This study has implications for how we think about transnational labour brokering under highly saturated conditions, and the role of culture and other mediating factors in configuring ‘ideal’ worker constructions and flows.     

The Sonoran Desert’s Domestic Bracero Programme: Institutional Actors and the Creation of Labour Migration Streams

This paper traces the journeys of male migrants to Empalme, Sonora, Mexico to uncover the development of the often overlooked domestic bracero programme that operated in conjunction with its well‐known international equivalent. Drawing on interviews and observations with ex‐braceros who met at a park near the Mexico‐US border, I examine their experiences and participation in Mexico’s domestic bracero program, an unintended and unexplored consequence of its international counterpart. The study shows how regulation and control were constantly reinvented at every step of the selection process by state actors and their affiliates in Mexico. The paper reveals how the oversupply of labour and modernization of agriculture in Sonora resulted in the development of a migration industry where local municipal leaders, coyotes, the state, and Mexican agribusiness capitalized from men’s displacement. The migration industry during the bracero selection process controlled who gained access to the United States labour market by capturing migrant labour en route to the United States in the process fueling a thriving cotton industry in the otherwise stagnant Sonoran Desert economy. The study concludes by taking the lessons from the historic domestic bracero programme to show one instance in which internal and international labour markets were closely interwoven. In the end, I call for more research that examines the relationship between markets on both sides of the border that uncovers how networks are not only structured by personal ties but also by state and market relations.     

Global value chains in international knowledge work: networks,stratifications and labour markets

In this article, I aim to cast light on the arguably indeterminate phenomenon of the global labour market (GLM) by placing the focus on an industry that has sometimes been perceived as epitomizing homogeneity and ‘world flatness’ in its deployment of geographically dispersed knowledge workers, that of international software development. Engaging in a sanguine analysis of this industry with reference to an empirical study of outsourcing to Ukraine it is revealed that labour markets servicing ICT (Information and communication technology) are subject to deep, if fluctuating, social stratifications. With reference to the notion of the global value chain (GVC), 1 1 ¹GVC analysis focuses on the governance patterns and relational dynamics between lead and supplier firms at the sectoral level. The GVC and its predecessor, the global commodity chain (GCC) focus on the inter‐firm linkages and especially power relations between different actors (Feuerstein 2013). The similar concept of global production network (GPN) concerns the broader set of relations of power, positionality and value capture between all relevant firm and extra firm actors within a network (Thompson 2013). For this study on sourcing in the global software industry, the term GVC will be utilized throughout.
the significance of factors such as knowledge, language, citizenship and age as labour market differentiators for knowledge work is brought to the fore.     

(Re)politicizing global financial governance: what's ‘new’ about the ‘New International Financial Architecture’?

Abstract This article is a contribution to the (re)politicization of global financial governance currently underway in the interdisciplinary field of international political economy (IPE). Particular reference is made to the economistic and technicist discourse prevalent in the so‐called ‘New International Financial Architecture’ (NIFA) process. It is argued that a (re)politicized reading of global financial governance is enabled by a conceptualization of governance networks that combines the institutional focus of existing IPE research with a concern with the discursive dynamics of authority relations and that situates governance networks in the power relations, contestation, contradictions and reproduction of global finance. Claims to ‘newness’ regarding the NIFA process, made by both the ‘architects’ themselves and left unchallenged by the majority of IPE scholars, are also disputed. The NIFA process is shown to have continued the contested development of an exclusionary transnational neo‐liberal network of governance that first began to emerge in the mid‐1970s.     

Theorizing transnational labour markets: a research heuristic based on the new economic sociology

In this article, I suggest that transnational labour markets are characterized by their multi‐layered embeddedness, not only in national but also in transnational institutional settings. Hence, the national institutional factors formerly at the centre of sociological labour market theories insufficiently explain the newly emerging transnational labour markets. To account for the full complexity and institutional context of the latter, I propose an inductive theoretical approach to transnational labour markets and develop a research heuristic to instruct empirical studies about particular transnational labour markets and inductive theory building. This heuristic draws on analytical categories as developed by the new economic sociology of markets. The empirical example of the transnational labour market that matches eastern European workers to jobs in the German meat industry serves to illustrate how one can use this heuristic, which reveals some preliminary features of transnational labour markets compared with national ones, as well as some research gaps to be addressed by future studies.     

New tech,old exploitation: Gig economy,algorithmic control and migrant labour

Digital platforms are the newest technological wave that is reshaping and reconfiguring the economic and labour landscape. Digital platforms often known as the gig economy are increasingly adopting app-based models to connect consumers with workers to complete their on-demand tasks. However, on-demand platforms continue to rely on the unequal division of labour and the precarious nature of the work to create labour markets that can respond accordingly to the increase in service provision. This review highlights two main themes that have emerged within the on-demand gig economy in the current literature—mythical autonomy and algorithmic control and misclassification of labour and the complexity of migrant workers in navigating this space. Finally, this review calls for further research into the inside/outside dichotomy of migrant labour within the gig economy and their experiences of labour exploitation through app-based digital platforms.     

The Governance of Forced Labour in the Global Economy

Abstract

The problem of forced labour in the contemporary global economy is attracting increasing attention in global governance debates and policy circles. The effectiveness of governance initiatives depends on underlying understandings of the root causes of the problem. We explore how the root causes of forced labour in global production networks (GPNs) are framed in global governance debates. Focusing on the dominant frameworks mobilized by international institutions, with some attention to cognate national-level and corporate governance strategies, we identify certain limitations to dominant interpretations, which derive from their ‘residual’ character and their associated neglect of the manner in which the roots of forced labour reach deeply into the organization of GPNs, the forms of exploitation which are integral to them, and the connections between exploitation and poverty. We set out an alternative, ‘relational’ perspective on the roots of forced labour in GPNs, based on the concept of ‘adverse incorporation’, and consider the implications of the insights generated by this perspective for contemporary governance frameworks.     

Immigrant workers in an emigrant economy: an examination of replacement migration in the Middle East

The author investigates human resource shortages in a labor-supplying country, focusing particularly on the case of Jordan. He "examines the growth, characteristics and role of immigrant labour in an erstwhile emigrant economy and assesses the validity of the replacement migration model. Data is presented from the author's survey of some 3,751 work permits issued to foreign workers in Amman between October 1982 and January 1983." It is noted that "replacement migration is only one aspect of a more diffuse pattern of labour inflows which have important implications for the Jordanian economy in general and the labour market in particular." In addition to replacement labor migration, which involves the employment of skilled workers in sectors experiencing domestic labor shortages, the author identifies the roles played by collective contract labor, involving immigrant labor for project-specific work, and secondary labor, involving low-skill work at discriminatory wage rates. The distinctions between these forms of labor migration and their economic implications are discussed. (SUMMARY IN FRE AND SPA)     

New insights in reproducing transnational corporate elites: the labour market intermediation of executive search in the pursuit of global talent in Singapore

In this article, I provide new theoretical and empirical insights into the reproduction of transnational corporate elites through the process of people moving between firms’ internal labour markets rather than from expatriation. Theoretically, the article advances understandings of the reproduction of transnational corporate elites by drawing on a pioneering engagement with global talent, transnational elites and labour market intermediary discourses. I generate these new theoretical insights through an original case study of how global executive search firms in Singapore create pipelines for the recruitment of transnational corporate elites between firms’ internal labour markets. The findings also highlight the vital role of Singapore's neoliberal labour market practices, as well as its foreign talent programme to ‘win the war for talent'. By situating this research on the agency of executive search in reproducing Singapore's transnational corporate elite, the article's key contribution is to decentre North American and Western perspectives on the reproduction of knowledge on transnational corporate elites.     

Centring labour in financialization

ABSTRACT

This article draws on an engagement with Marx’s notes on money and finance to reconsider the relationships between labour, working classes, and financial accumulation. In recent years, these dynamics have often been understood through the lens of ‘financialization’ – referring to a trend towards the growing prominence of financial sector profits, logics, and power at the expense of productive activity. This lens has tended to produce analyses of labour and finance that are (1) unidirectional and (2) that often lump a wide range of developments under a single heading without considering how these trends might intersect in potentially contradictory ways. Marx offers a useful alternative insofar as his approach to money and finance centres on a continual and fraught dynamic between the ‘abstract’ social labour embodied in money and the ‘concrete’ labour performed in particular places at particular times. This argument is illustrated through brief vignettes from South Africa.     

The restructuring of the U.K. financial services industry in the 1990s: a reversal of fortune?

Whereas for much of the 1980s the financial services industry was characterised by growth and expansion, the late 1980s and early 1990s was a period of redundancies and financial losses. This paper seeks to explain this reversal of fortune and the responses of the financial services industry. The restructuring of the financial System at a global level, through a process of disintermediation, and at a national level, in response to financial re-regulation, led to an intensification of competition between financial institutions and helped produce a developed countries debt crisis, founded in personal and corporate indebtedness. In the wake of this crisis, the financial services industry has been in transition. Bureaucratic labour market models have been overturned in favour of more flexible variants, while at the same time many financial services firms have engaged in the wholesale spatial reorganisation of their activities. One important consequence has been a process of ‘financial infrastructure withdrawal’, by which services and operations are withdrawn from certain social groups and certain localities. This process, which revolves around a rubric of risk reduction and a ‘flight to quality’, has introduced an element of exclusion and closure to the operation of financial Systems within developed countries. In this sense, the reaction of the financial services industry to the developed countries debt crisis mirrors that which followed the less developed countries debt crisis of the early 1980s; that is, abandonment and retreat to a more affluent client base. As was the case during the less developed countries debt crisis, the current process of financial infrastructure withdrawal has serious social and economic implications for those social groups and localities abandoned by the financial community.     

Think rich,feel hurt: the critique of capitalism and the production of affect in the making of financial subjects in South Korea

This article describes the process of financial subjectification by observing a private educational programme on financial self-management in South Korea. ‘Wealth-tech’ is a popular Korean term that refers to techniques of personal finance and money-management. Ethnographic research on a private educational programme on the subject of wealth-tech brings to light justifying mechanisms of financial investments and moral foundations for the pursuit of wealth whereby laypeople’s engagement with, and attachment to, financial markets are (re-)vitalized. In particular, this study highlights the role of critiques about capitalism as well as the production of affect in the making of financial subjects. By re-appropriating critiques of capitalism and employing therapeutic narratives, the wealth-tech pedagogy redefines financial investment as an act of resistance against the ills of capitalism and foreign capital. Moreover, this case study shows that wealth-tech is legitimized not solely by risk calculations per se, but also by feelings of hurt. Participants tend to transform themselves into active wealth-tech practitioners by cultivating the kind of affect that I call here ‘thinking rich, feeling hurt’. Therefore, the financial subjects configured in this wealth-tech pedagogy are those who feel hurt, and in this emotive state are led to think from the perspective of the rich. Moreover, they are configured not only as self-governing individuals but also as collective beings who resist foreign capital through their own engagement with financial markets. In this process of financial subjectification, the beliefs that finance can make them rich become consolidated. By illustrating these Korean experiences, this article calls attention to critical and affective practices in the process of financial subjectification, in particular those that take shape at the encounter between market rationality and ordinary experiences, memories, and feelings whereby laypeople translate discourses and techniques of financial capitalism into their own values and judgments.     

Economic growth and female labour: the case of Israel

This article aims to demonstrate the relation between the participation and location of women in the Israeli labour force and economic-structural processes central to the development of the Israeli economy. It begins with a discussion of the main features of the economic growth of Israeli society, indicating the implications of these features for female labour. The overall pattern of female participation in the labour force is then discussed, noting the main shifts in this pattern and their significance, followed by a more detailed presentation of the position of women in a number of economic branches–the textile and clothing industries, education and welfare services, finance and trade. The sexual division of labour is further examined according to the difference between Ashkenazi and Oriental women of first and second generations. Finally, a concluding discussion assesses the significance of women to the economy and the implications of their position within the economy to their future prospects.     

‘No one to trust’: the cultural embedding of atomism in financial markets

The paper ethnographically explores the cultural embedding of atomistic indifference in online, global financial markets: arenas that have been digitally designed according to economic ideals and that demand an extreme form of relational and social dissociation from the partners to exchange and from those affected by the transactions. Its case‐study is lay financial‐trading in Israel, a country undergoing extensive neoliberalization. The study shows that dissociation is embedded in an economic culture marked by constant, multi‐sited declarations that economic‐Others are cold, uncaring and manipulative. It takes shape as traders convert the distrust towards Others into distrust towards portions of the Self that represent links to these Others, namely their own social‐psychology and social concern. Acting atomistically and selfishly in the market thus entails considerable reflexive work. The paper contributes to an ongoing debate on the moral and cultural embeddedness of markets in general and of the expanding financial markets in particular.     

Working conditions in the export industry of northern Morocco: Legal framework and situation on the ground

Companies in northern Morocco that export manufactured goods and services run on a production system characterized by high pressure, flexible use of labour, strict supervision and the challenging of certain labour rights. This article studies the conditions of work at these enterprises on the basis of the theoretical model of the “localized global economy”, drawing distinctions based on types of enterprise, industry and occupational categories. The results show how changes to the labour law in 2004, which adopted the standards contained in international conventions, have given more power to multinational enterprises.