, and the consequences of the decision taken by the South for welfare in the North and for efficiency of the world … producer selling some good to an integrated world market. In this competition, only the Northern firm has the ability to … technology and the North harmed by such actions. A strong system of intellectual property rights may or may not enhance world …

the mid-2000s and fell until the 2020s, while the world's exposure to Chinese exports rose continuously …

consistent with increasing inequality in every country, growth in residual wage inequality, rising unemployment, and reallocation … within and between industries. While the opening of trade yields welfare gains, unemployment and inequality within sectors … nonmonotonic effects on unemployment and inequality within sectors. As aggregate unemployment and inequality have within- and …

employment is the efficient unemployment rate, u*. We define u* as the unemployment rate that minimizes the nonproductive use of …). Accordingly, the efficient unemployment rate is the geometric average of the unemployment and vacancy rates: u* = √uv. We compute …

, that frictions (sand-in-the-wheels) may decrease unemployment and that the equilibrium is determined by two simple …

One of the motivations for NAFTA from the US point of view was to reduce the" incentives for Mexican migration into the …