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Persistent link: https://www.econbiz.de/10009623421
It has been over fifty years since Stolper and Samuelson (1941) pointed out that whereas free trade may be beneficial to a country in aggregate terms, even a broadbased factor such as labor may be hurt by the price changes which trade brings about. In particular, a staple of Heckscher-Ohlin...
Persistent link: https://www.econbiz.de/10009708586
Persistent link: https://www.econbiz.de/10013552431
The word fragmentation refers to a splitting up of a verticallyintegrated production process such that the separatefragments can be traded on markets. This paper is concerned withinternational fragmentation, generally allowing gainsfrom a finer division of labor based on comparative advantage...
Persistent link: https://www.econbiz.de/10010324388
Today’s global world is characterized not only by a high volume ofinternational trade and foreign investment relativeto national income, but also by a changed composition of that tradetowards a greater fraction of trade in inputs andcapital goods and outsourcing of production.. Emphasized is...
Persistent link: https://www.econbiz.de/10010324704
Persistent link: https://www.econbiz.de/10003837190
The word fragmentation refers to a splitting up of a verticallyintegrated production process such that the separatefragments can be traded on markets. This paper is concerned withinternational fragmentation, generally allowing gainsfrom a finer division of labor based on comparative advantage...
Persistent link: https://www.econbiz.de/10011303875
Today’s global world is characterized not only by a high volume ofinternational trade and foreign investment relativeto national income, but also by a changed composition of that tradetowards a greater fraction of trade in inputs andcapital goods and outsourcing of production.. Emphasized is...
Persistent link: https://www.econbiz.de/10011303880
The parpose of this paper is to model and describe the consequences for labor markets in an underdeveloped economy of foreign Investment in an enclave sector.Foreign technology tends to expose some of the hidden talents in the local labor force.Replacement of foreign labor by domestic labor...
Persistent link: https://www.econbiz.de/10009774733
The seminal work by Ramaswami (1968) comparing the advantages of allowing international labor inflows with those of foreign investment elicited an immediate response from Webb (1970). and subsequent elaborations by Bhagwati (1979). Calvo and Wellisz (1983), Bhagwati and Srinivasan (1983), and...
Persistent link: https://www.econbiz.de/10009726836