Kreickemeier, Udo - CESifo - 2004
, the effects of a globalization shock – modelled as the entry of newly industrializing countries into the trading world …This paper analyzes trade in an asymmetric 2×2×2 world, where the two countries, labelled America and Europe, differ in … the wages for skilled and unskilled workers, leading to involuntary unemployment of unskilled workers in equilibrium …