Multinational Corporations and Global and International Models of Pension Provision: Evidence from Ireland. ESRI Working Paper No. 122, October 1999

Hughes, Gerard (1999) Multinational Corporations and Global and International Models of Pension Provision: Evidence from Ireland. ESRI Working Paper No. 122, October 1999. [Working Paper]

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Abstract

In the debate about globalisation there are optimistic and pessimistic views about its effects on employment and conditions of work. Optimists believe foreign direct investment brings with it many employment opportunities and higher wages. Pessimists argue that it increases downward pressures on wages, conditions of employment, and social protection. Evidence on the effects of globalisation on wages, employment conditions, and social protection is limited ( see Betcherman (1996)). This may be because most of the countries in the Triad of North America, the European Economic Area, and Japan, which account for the bulk of foreign direct investment, do not distinguish in their statistics between domestic and foreign compames. Hirst and Thompson (1996a and 1996b) cite research by Lipsey, Blomstrom and Ramstetter (1995) which shows that the share of production by multinational corporations outside their home countries amounted to only 7 per cent of world output in 1990 and UNCT AD research which shows that the Triad accounted for 7 5 per cent of the stock of foreign direct investment and 60 per cent of the flow at the beginning of the 1990s.

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