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contributions to the latter's decisions. Both a shift from national to international regulation and a decrease in trade costs …
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"The author is a labor lawyer for various unions. He argues for a 'mixed' economy that will allow the government and the workers to balance off the power of capital, which is becoming too great under neoliberalism"--Handbook of Latin American Studies, v. 57
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Somewhat surprisingly, cross-country empirical evidence (at least in the cross section) does not seem to support the predictions of standard models that economies with stricter regulations on hiring and firing should have a lower pace of job reallocation. One problem in exploring these issues...
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