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We depart from the trade and wages literature and its emphasis on North-South trade, examining North-North by developing the basic linkages between trade-based integration and relative wages in an Ethier-type division of labor model. Using this model we identify a formal relationship between...
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I examine how globalization affects wages and welfare in a general equilibrium model of international trade with partly … oligopolistic markets. Globalization is modeled as reducing trade costs or opening up shielded sectors to trade. There is a national …
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According to the Globalization Paradox, globalization limits the freedom of choice for national governments. Capital …. Fixed factor taxes have the potential to improve welfare by defusing the globalization trilemma through a reduction in the …
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analysis in the context of economic globalization and the demand for labor as well as long run international output …
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This paper brings forward a three-country model to analyze the internationalization process in the age of globalization …
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