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This research argues that the differential effect of international trade on the demand for human capital across countries has been a major determinant of the distribution of income and population across the globe. In developed countries the gains from trade have been directed towards investment...
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This research argues that the differential effect of international trade on the demand for human capital across countries has been a major determinant of the distribution of income and population across the globe. In developed countries the gains from trade have been directed towards investment...
Persistent link: https://www.econbiz.de/10003728408
This paper explores the implications of Unified Growth Theory for the origins of existing differences in income per … capita across countries. The theory sheds light on three fundamental layers of comparative development. It identifies the …
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