Rising Trade and Falling Wages: A Review of the Theory and the Empirics

Paul Brenton

Chapter 2 in Global Trade and European Workers, 1999, pp 18-38 from Palgrave Macmillan

Abstract: Abstract Does trade impoverish unskilled workers in Western industrial countries? This is an emotive way of framing a question which has received a great deal of attention from economists in recent years: to what extent has trade with labour-abundant low-wage economies affected Western labour markets? Currently, it is imports from Asia which dominate discussions, although these issues are equally pertinent for trade with Eastern Europe, the countries of the CIS (Former Soviet Union), and Latin America. We are not the only ones to try and catch the eye in this way, Freeman (1995) rather provocatively asks: ‘are your wages being set in Beijing?’

Keywords: Relative Price; Skilled Labour; Open Trade; Unskilled Worker; Wage Inequality (search for similar items in EconPapers)
Date: 1999
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-27035-4_2

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DOI: 10.1007/978-1-349-27035-4_2

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