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This research argues that the di¤erential e¤ect 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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According to recent UN projections more than 50 percent of the growth in world population over the next half century will be due to population growth in Africa. Given this, any policy that influences African demography will have a significant impact on the world distribution of income. In this...
Persistent link: https://www.econbiz.de/10010959792
If the rate of saving increases with income then a low per capita level of the capital stock may be self-sustaining. In these circumstances international trade may allow an economy to quickly increase its per capita capital stock in a self-reinforcing "growth miracle" process. A labor-abundant...
Persistent link: https://www.econbiz.de/10005341427
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/10010637899
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/10005672716
This paper models the evolution of the world distribution of income and shows that while the distribution of income per capita across economies in the world will be stable in the long run, the world distribution of population may be divergent. The paper then uses this model to analyze the impact...
Persistent link: https://www.econbiz.de/10004992914