The Impact of Import Penetration on Unemployment in UK Manufacturing

Jitendralal Borkakoti

Chapter 5 in International Trade and Labour Markets, 1997, pp 90-117 from Palgrave Macmillan

Abstract: Abstract The relationship between international trade and domestic unemployment has received serious attention only in recent years, partly because of economic recession, triggered by two oil crises (1973 and 1980) and partly because of observed deindustrialization in matured Western economies when, under both circumstances, workers and capitalists alike clamour for protection against import competition. There is an association between depression and deindustrialization as both create unemployment, although the former is cyclical and hence a medium-term phenomenon while the latter is essentially a long-term phenomenon as it involves structural change.

Keywords: International Trade; Comparative Advantage; Physical Capital; Trade Performance; Trade Balance (search for similar items in EconPapers)
Date: 1997
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-14577-5_5

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DOI: 10.1007/978-1-349-14577-5_5

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