The Effects of Trade and Foreign Direct Investment on Employment and Relative Wages
نویسنده
چکیده
V. . . . . Changes in employment, trade, investment, and relative wages A. GNP and employment growth and unemployment levels 9 B. Changing trade patterns 9 9 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . C. Changing direct investment patterns . . . . . . . . . . . . . . . . . . . . . . 10 D. Changes in the pattern of relative wages . . . . . . . . . . . . . . . . . . 12 The economics of changes in trade, direct investment, and relative wages . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15 Evidence on the short-run employment impact of changing trade and investment patterns . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17 A. Trade and employment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17 B. Foreign direct investment and employment . . . . . . . . . . . . . . . . . 30 Evaluation of empirical evidence on the effects of trade and other factors on relative wages . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 33 Conclusions and policy implications . . . . . . . . . . . . . . . . . . . . . . . . . . 43 A. Conclusions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 43 B. Policy implications . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 44 Bibliography . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 48 Appendix; The effects of unskilled labour-saving technological progress that is the same in both sectors . . . . . . . . . . . . . . . . . . . . . . . 51
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