SPECIAL ISSUE ON - THE CHALLENGE OF FULL-EMPLOYMENT IN THE GLOBAL ECONOMY - INTRODUCTION

Low unemployment and commitment to full employment were widespread aft er the Second World War. Today, there is mass unemployment and weak co mmitment to full employment, which is still necessary and attainable. This article discusses divergent concepts of full employment, its hist ory and the impact of the global economy. We dispel the notion that Eu rope's high unemployment is due to labor market rigidity, that the US model is a good alternative and that technology has made work obsolete . Unemployment, both morally unacceptable and economically irrational, weakens welfare states. The global economy makes attaining full emplo yment more difficult but not impossible. Political and economic strate gies, needed at both national and international levels, are suggested, along with possible actions by intellectuals.