Illustrating some of the effects of globalization on baseball economics, the city of Boston anticipates that increased interest by Japanese tourists will bring in some $ million, aside from what the Red Sox will earn from signing Matsuzaka (Reed, 2006). 4  BIS Review 12/2007  more low-skilled workers (Borjas, Freeman, and Katz, 1997; Sachs and Shatz, 1994).
Let’s first try to scope who is at risk of being economically excluded. We start with the unemployed. The latest employment report issued by the Bureau of Labor Statistics was  BIS central bankers’ speeches  1  bleak.1 U.S. employers in May added only 54,000 non-farm jobs, down from 232,000 jobs added in April.