Globalisation, Employment and Income: Analysing the Adjustment Process

Carl Davidson and Steven Matusz
Additional contact information
Carl Davidson: Michigan State University

Chapter 5 in Trade, Investment, Migration and Labour Market Adjustment, 2002, pp 66-92 from Palgrave Macmillan

Abstract: Abstract Textbook models of international trade always posit well-functioning, frictionless factor markets. Policy-induced changes in relative output prices lead to the instantaneous reallocation of resources. While trade may result in some winners and losers (à la Stolper-Samuelson), factors are never unemployed and (ignoring terms-of-trade effects) the efficiency gains from trade liberalisation always result in aggregate net benefits.

Keywords: Labour Force; Training Cost; Lifetime Income; Initial Steady State; Trade Reform (search for similar items in EconPapers)
Date: 2002
References: Add references at CitEc
Citations: View citations in EconPapers (1)

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pal:intecp:978-1-4039-2018-8_5

Ordering information: This item can be ordered from
http://www.palgrave.com/9781403920188

DOI: 10.1057/9781403920188_5

Access Statistics for this chapter

More chapters in International Economic Association Series from Palgrave Macmillan
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().