Are jobs and wages, particularly those of the low-skilled, undermined by trade and investment with Asian and other emerging economies? This book presents contributions on this issue which place the analytical and policy debate into context and survey the relevant economic literature together with a range of empirically oriented papers. The focus is upon Europe, which, unlike the US, has received little attention in the debate on the impact of world trade. The book shows that simple one-line messages on the impact of trade on jobs and wages have no sound analytical foundations.