This paper examines the link between international trade, investment in human capital and inequality in the distribution of income and wealth.

This paper constructs a model where otherwise identical economies having different initial conditions are in different steady-states in autarky because skill accumulation is subject to credit constraint. In a two country world it is shown how international trade in goods can cause complete...

Although the world and its global economy become more and more integrated with each passing year, not all the correlated increase in trade could be unambiguously be called free trade. A significant share of world trade growth in the past generation has occured with state guided economies of...