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The rules governing trade and capital flows have been at the center of controversy as globalization has proceeded. One …, IMF, and World Bank meetings demanding global labor standards. Comparing the claims made in this debate with the outcomes … market. Changes in trade policy have had modest impacts on labour market. Other aspects of globalization -- immigration …
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This paper reviews the theoretical arguments for and against linking international labor standards to trade. Based on theory alone it is difficult to generalize about the effect of labor standards on efficiency and equity. Some economists have argued that international labor standards are merely...
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This paper evaluates how much of the economics profession has evaluated the evidence on the relationship between international trade and economic growth. The paper highlights the basic approaches to the trade and growth question that the literature has adopted. The case is made that more...
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Economists devote too much attention to international flows of goods and services and not enough to international flows of ideas. Traditional trade flows are an imperfect substitute for flows of the underlying ideas. The simplest textbook trade model shows that a welfare-enhancing move toward...
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labor regulation of partners because intraindustry trade was important. The New World exported less differentiated products …
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