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China's opening to trade is interpreted as a shift in world average factor endowments, which altered the comparative advantage of other countries. In the rest of the world on average, this shift reduced the ratio of labour-intensive manufacturing to primary production by 7-10% for output and...
Persistent link: https://www.econbiz.de/10008506780
A statistical study by R. Jackman and S. Roper (1987) concluded, in contradic tion of much circumstantial evidence, that current high levels of une mployment in the United Kingdom and other European countries are not due to structural mismatches in the labor market. This conclusion has been...
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The experience of East Asia in the 1960s and 1970s supports the theory that greater openness to trade tends to narrow the wage gap between skilled and unskilled workers in developing countries. In Latin America since the mid-1980s, however, increased openness has widened wage differentials. This...
Persistent link: https://www.econbiz.de/10005741408
The falling cost of international business travel and communication motivates highly-skilled workers who live in developed countries to spend more of their time co-operating with less-skilled workers in developing countries. This tends to narrow the gap between developed and developing countries...
Persistent link: https://www.econbiz.de/10005744043
World-wide cross-country regressions are used to examine South Asia's export structure through the lens of Heckscher-Ohlin trade theory. By comparison with other regions, South Asia's exports are unusually concentrated on labour-intensive manufactures. This distinctive export structure is shown...
Persistent link: https://www.econbiz.de/10005640062
The argument of the White Paper are Basically robust, but could be improved Long-term determinants of prosperity •Relatively less emphasis on openness •More emphasis on incentives to invest Shorter-term effects of openness on poverty •Even more complex than WP suggested...
Persistent link: https://www.econbiz.de/10005699016
Drawing on three fields of economics (international, labour, and development), this study shows that expansion of North-South trade in manufactures has had a far greater impact on labour markets than earlier work suggested. In the South, unskilled workers have benefited most from this trade, but...
Persistent link: https://www.econbiz.de/10008918357
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