argued trade-off between efficiency and equity in economics. This acknowledges the empirical fact that growth is by nature …

This paper develops a spatial equilibrium model to quantify the distributional impacts of international trade in an … economy with intra-national trade and migration costs. Focusing on China, I find that international trade increases both the … significantly underestimate trade's impact on the overall inequality and overestimate its impact on the aggregate skill premium …

increase in trade in recent decades has not made the world a fairer place: instead, the age of globalization has become a time … of mass migration caused by increasing global inequality. The theory of unequal exchange challenges the free trade … traditional trade and Global Value Chains. The resulting world mapping of unequal exchange shows the geographical hierarchy of …