Trade, Jobs, and Wages
There is a broad consensus among US opinion leaders that our economic problem is largely one of failures of international competition -- that trade deficits have eroded our manufacturing base, that inability to sell on world markets has been a major drag on economic growth, and that imports from low-wage countries have caused a widening of income inequality. This paper summarizes recent evidence on these issues, and shows that while there may be a grain of truth to each complaint, in each case the effect is quantitatively minor. The arithmetic of 'competitiveness' just doesn't work
Year of publication: |
[2021]
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Authors: | Krugman, Paul R. ; Lawrence, Robert Z. |
Publisher: |
[S.l.] : SSRN |
Subject: | Reallohn | Real wages | Handelsliberalisierung | Trade liberalization | Arbeitslosigkeit | Unemployment | Erwerbstätigkeit | Employment | Außenwirtschaftstheorie | International economics | Internationaler Wettbewerb | International competition | Arbeitsmarkt | Labour market |
Saved in:
freely available
Extent: | 1 Online-Ressource (33 p) |
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Series: | NBER Working Paper ; No. w4478 |
Type of publication: | Book / Working Paper |
Language: | English |
Notes: | Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments September 1993 erstellt |
Source: | ECONIS - Online Catalogue of the ZBW |
Persistent link: https://www.econbiz.de/10013211656