Global Production Sharing And Rising Inequality
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Author | : Robert C. Feenstra |
Publisher | : |
Total Pages | : 80 |
Release | : 2001 |
Genre | : Economics |
ISBN | : |
Download Global Production Sharing and Rising Inequality Book in PDF, Epub and Kindle
We argue that trade in intermediate inputs, or 'global production sharing, ' is a potentially important explanation for the increase in the wage gap between skilled and unskilled workers in the U.S. and elsewhere. Using a simple model of heterogeneous activities within an industry, we show that trade in inputs has much the same impact on labor demand as does skill-biased technical change: both of these will shift demand away from low-skilled activities, while raising relative demand and wages of the higher skilled. Thus, distinguishing whether the change in wages is due to international trade, or technological change, is fundamentally an empirical rather than a theoretical question. We review three empirical methods that have been used to estimate the effects of trade in intermediate inputs and technological change on wages, and summarize the evidence for the U.S. and other countries.
Author | : E. Kwan Choi |
Publisher | : Wiley-Blackwell |
Total Pages | : 576 |
Release | : 2008-04-15 |
Genre | : Business & Economics |
ISBN | : 1405142421 |
Download Handbook of International Trade Book in PDF, Epub and Kindle
This handbook is a detailed exploration of the theories, policies, and issues stemming from the field of International Trade. Written by specialists in the field, the chapters focus on four important areas: factor proportions theory, trade policy, investment, and new trade theory. The extensive analysis covers such topics as the Heckscher-Ohlin Trade Model and the Stolper-Samuelson Price Link, as well as wages, antidumping, and political economics. Explores the theories, policies and issues stemming from the field of International Trade. Focuses on factor proportions theory, trade policy, investment, and new trade theory. Includes analyses of the Heckscher-Ohlin Trade Model and the Stolper-Samuelson Price link.
Author | : Elhanan Helpman |
Publisher | : Harvard University Press |
Total Pages | : 122 |
Release | : 2018-08-06 |
Genre | : Business & Economics |
ISBN | : 0674988930 |
Download Globalization and Inequality Book in PDF, Epub and Kindle
One of the world’s leading experts on international trade explains that we must look beyond globalization to explain rising inequality. Globalization is not the primary cause of rising inequality. This may come as a surprise. Inequality within nations has risen steadily in recent decades, at a time when countries around the world have eased restrictions on the movement of goods, capital, and labor. Many assume a causal relationship, which has motivated opposition to policies that promote freer trade. Elhanan Helpman shows, however, in this timely study that this assumption about the effects of globalization is more myth than fact. Globalization and Inequality guides us through two decades of research about the connections among international trade, offshoring, and changes in income, and shows that the overwhelming conclusion of contemporary research is that globalization is responsible for only a small rise in inequality. The chief causes remain difficult to pin down, though technological developments favoring highly skilled workers and changes in corporate and public policies are leading suspects. As Helpman makes clear, this does not mean that globalization creates no problems. Critics may be right to raise concerns about such matters as cultural autonomy, child labor, and domestic sovereignty. But if we wish to curb inequality while protecting what is best about an interconnected world, we must start with a clear view of what globalization does and does not do and look elsewhere to understand our troubling and growing divide.
Author | : Ann Harrison |
Publisher | : University of Chicago Press |
Total Pages | : 674 |
Release | : 2007-11-01 |
Genre | : Business & Economics |
ISBN | : 0226318001 |
Download Globalization and Poverty Book in PDF, Epub and Kindle
Over the past two decades, the percentage of the world’s population living on less than a dollar a day has been cut in half. How much of that improvement is because of—or in spite of—globalization? While anti-globalization activists mount loud critiques and the media report breathlessly on globalization’s perils and promises, economists have largely remained silent, in part because of an entrenched institutional divide between those who study poverty and those who study trade and finance. Globalization and Poverty bridges that gap, bringing together experts on both international trade and poverty to provide a detailed view of the effects of globalization on the poor in developing nations, answering such questions as: Do lower import tariffs improve the lives of the poor? Has increased financial integration led to more or less poverty? How have the poor fared during various currency crises? Does food aid hurt or help the poor? Poverty, the contributors show here, has been used as a popular and convenient catchphrase by parties on both sides of the globalization debate to further their respective arguments. Globalization and Poverty provides the more nuanced understanding necessary to move that debate beyond the slogans.
Author | : Branko Milanovi? |
Publisher | : World Bank Publications |
Total Pages | : 35 |
Release | : 2006 |
Genre | : Equality |
ISBN | : |
Download Global Income Inequality Book in PDF, Epub and Kindle
"The paper presents a nontechnical summary of the current state of debate on the measurement and implications of global inequality (inequality between citizens of the world). It discusses the relationship between globalization and global inequality. And it shows why global inequality matters and proposes a scheme for global redistribution. "--World Bank web site.
Author | : Ms.Era Dabla-Norris |
Publisher | : International Monetary Fund |
Total Pages | : 39 |
Release | : 2015-06-15 |
Genre | : Business & Economics |
ISBN | : 1513547437 |
Download Causes and Consequences of Income Inequality Book in PDF, Epub and Kindle
This paper analyzes the extent of income inequality from a global perspective, its drivers, and what to do about it. The drivers of inequality vary widely amongst countries, with some common drivers being the skill premium associated with technical change and globalization, weakening protection for labor, and lack of financial inclusion in developing countries. We find that increasing the income share of the poor and the middle class actually increases growth while a rising income share of the top 20 percent results in lower growth—that is, when the rich get richer, benefits do not trickle down. This suggests that policies need to be country specific but should focus on raising the income share of the poor, and ensuring there is no hollowing out of the middle class. To tackle inequality, financial inclusion is imperative in emerging and developing countries while in advanced economies, policies should focus on raising human capital and skills and making tax systems more progressive.
Author | : Mr.Olivier Coibion |
Publisher | : International Monetary Fund |
Total Pages | : 57 |
Release | : 2012-08-01 |
Genre | : Business & Economics |
ISBN | : 1475505493 |
Download Innocent Bystanders? Monetary Policy and Inequality in the U.S. Book in PDF, Epub and Kindle
We study the effects and historical contribution of monetary policy shocks to consumption and income inequality in the United States since 1980. Contractionary monetary policy actions systematically increase inequality in labor earnings, total income, consumption and total expenditures. Furthermore, monetary shocks can account for a significant component of the historical cyclical variation in income and consumption inequality. Using detailed micro-level data on income and consumption, we document the different channels via which monetary policy shocks affect inequality, as well as how these channels depend on the nature of the change in monetary policy.
Author | : Engelbert Stockhammer |
Publisher | : Springer |
Total Pages | : 329 |
Release | : 2013-12-03 |
Genre | : Business & Economics |
ISBN | : 1137357932 |
Download Wage-Led Growth Book in PDF, Epub and Kindle
This volume seeks to go beyond the microeconomic view of wages as a cost having negative consequences on a given firm, to consider the positive macroeconomic dynamics associated with wages as a major component of aggregate demand.
Author | : Lucas Chancel |
Publisher | : Harvard University Press |
Total Pages | : 267 |
Release | : 2022-11 |
Genre | : Business & Economics |
ISBN | : 0674273567 |
Download World Inequality Report 2022 Book in PDF, Epub and Kindle
World Inequality Report 2022 is the most authoritative and comprehensive account of global trends in inequality, providing cutting-edge information about income and wealth inequality and also pioneering data about the history of inequality, gender inequality, environmental inequalities, and trends in international tax reform and redistribution.
Author | : OECD |
Publisher | : OECD Publishing |
Total Pages | : 390 |
Release | : 2011-12-05 |
Genre | : |
ISBN | : 9264119531 |
Download Divided We Stand Why Inequality Keeps Rising Book in PDF, Epub and Kindle
This book examines to which extent economic globalisation, skill-biased technological progress and institutional and regulatory reforms have had an impact on the distribution of earnings.