Immigrants during two global centuries : rising quantity and falling quality -- A framework -- Looking at local labor markets -- Immigration shocks and labor market absorption : two modern examples -- Immigrants, wages, and inequality : the global centuries compared -- Policy and the demise of...

"W. Arthur Lewis argued that a new international economic order emerged between 1870 and 1913, and that global terms of trade forces produced rising primary product specialization and de-industrialization in the poor periphery. More recently, modern economists argue that volatility reduces...