Trade, jobs and wages
1. Introduction -- 2. Factors shaping Singapore's wages and unemployment -- 3. The Ricardian model with an endogenous natural rate -- 4. The Heckscher-Ohlin model with an endogenous natural rate -- 5. International product-market competition, jobs and wages -- 6. Scale economies, jobs and wages...
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| Format: | eBook |
| Language: | English |
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Cheltenham
Edward Elgar Pub
2000
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| Online Access: | |
| Collection: | Edward Elgar eBook Archive - Collection details see MPG.ReNa |
| Summary: | 1. Introduction -- 2. Factors shaping Singapore's wages and unemployment -- 3. The Ricardian model with an endogenous natural rate -- 4. The Heckscher-Ohlin model with an endogenous natural rate -- 5. International product-market competition, jobs and wages -- 6. Scale economies, jobs and wages -- 7. Trade, high-wage jobs and the wage gap -- 8. International trade and wage inequality : the role of economies of scale and relative factor endowments -- 9. Wealth, labour force participation and trade -- 10. Trade, growth and unemployment in Ricardo's essay on profits model -- 11. A synthesis The world's increasing integration through trade and the persistence of high unemployment in Europe, and other areas of the world, highlight the need to understand the implications of free trade for unemployment. Trade, Jobs and Wages analyses how employment levels and real wages are affected by international trade. Popular trade theory disregards the impact of free trade on the rate of unemployment, since it assumes full employment at the outset. By focusing on the determinants of the natural rate of unemployment, Professor Hoon places an emphasis on real, as opposed to monetary, factors in accounting for long term trends in wages and unemployment |
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| Physical Description: | xi, 207 p ill |
| ISBN: | 9781858987125 1858987121 9781781952719 |