Is trade fair? Frequent complaints that large developing countries abusing their status ....rise in feeling towards protectionism in developed countries
-
Show this thread
-
Hecksher-Ohlin model says trade played only a small role in the rise of the skill premium (--> labour market inequality) but since 2000 trade is getting more attention. Why China shock? Or focus on regional inequality?
1 reply 0 retweets 0 likesShow this thread -
China joined the WTO, Chinese imports hit as US coming out of recession -- manufacturing employment never recoveredpic.twitter.com/RN9S5FVua5
1 reply 0 retweets 0 likesShow this thread -
But other countries did not see the same impact. Alternative interpretation -- regional inequality , limited labour mobility accross space
#IFSAnnualLecture1 reply 0 retweets 0 likesShow this thread -
Liberalisation in Brazil followed by long fall in employment and earnings over 20 yearspic.twitter.com/z8FY95yOfj
1 reply 0 retweets 0 likesShow this thread -
Do consumers benefit? In India prices fall, quality and variety rise, but markups increases, cost reductions not fully passed on to consumerspic.twitter.com/ohpgym1k9h
1 reply 0 retweets 0 likesShow this thread -
-
-
Markups rise with integration in global value chains.pic.twitter.com/tDMmQhN9ZT
1 reply 1 retweet 1 likeShow this thread -
But you don't see this in every industry. Eg. Not in transport.
1 reply 0 retweets 0 likesShow this thread
Conclusion: globalisation does cause disruption.pic.twitter.com/iD4Q2Kypbo
-
-
Important questions for
#taxpic.twitter.com/hxMGmCIdZ9
0 replies 0 retweets 0 likesShow this threadThanks. Twitter will use this to make your timeline better. UndoUndo
-
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.