This paper studies how an institution such as markets affects the evolution of mankind. My key point is that the forces … of natural selection are made weaker because trade allows people to specialize in those activities where they are strong …, and to offset their weaknesses by purchasing adequate goods on the market. Absent trade, people must allocate their time …

played by trade and FDI in determining employment. The empirical results obtained lend support to globalization having a … countries (LDCs) embarking on globalization, which enhances the prospect of direct technological imports or embodied …

Although public policy is influenced by the perception that workers worry about the impact of trade on their jobs … of the impact of trade are related to their career paths, job characteristics, and local labor market conditions …

the players and policies in the many distinct domestic and international markets that exist for the inputs and outputs of …

Friedman (1962) suggested that in general, unfettered markets ensure the efficient provision of goods and services …