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Conventional trade theory, which combines the Heckscher-Ohlin theory and the Stolper-Samuelson theorem, implies that expanded trade between developed and developing countries will increase wage inequality in the developed countries. This theory is widely applied. It serves as the basis for...
Persistent link: https://www.econbiz.de/10012462550
countries export fundamentally different products, especially those classified as high tech …Judged by export shares, the United States and developing countries specialize in quite different product categories … that, for the most part, do not overlap. Moreover, even when exports are classified in the same category, there are large …
Persistent link: https://www.econbiz.de/10012462551