Economic growth and trade liberalization since the 1970s have led to rapid growth in exports from many developing countries. The link between this expansion and the tendancy for wage dispersion in the older industrial countries is explored in this paper using global general equilibrium analysis.

The expansion of the EC to include EFTA countries, and the greater provision of preferential access to protected EC markets for farmers in Eastern Europe's economies in transition, would have opposite effects on Europe's excess supply of food and on international food prices (assuming EC...

The long run gains from reductions in distortionary tariffs are robustly positive in neoclassical economies. In the short run, however, depending on the prevailing exchange rate and tax regimes, a combination of producer price deflation and nominal wage stickiness can cause trade liberalisation...