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Fragmentierung geben. Während man im Zusammenhang mit der Ausweitung des Nord-Süd-Handels von einer horizontalen Globalisierung … spricht, gilt Fragmentierung als Ausdruck einer Vertiefung des internationalen Handels ("vertikale Globalisierung"). Wir … dramatically the distribution of comparative advantage across the world economy and the existing terms of trade. Most likely …
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A two country model of trade between a flexiwage and a minimum wage economy or two mmjmum wage economies is developed. The main novelty is that there are three factors of production: capital, skilled and unskilled labour. This unlocks the terms of trade. Unskilled labour is subject to the same...
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