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"Concerns that (1) growth in developing countries could worsen the US terms of trade and (2) that increased US trade with developing countries will increase US wage inequality both implicitly reflect the assumption that goods produced in the United States and developing countries are close...
Persistent link: https://www.econbiz.de/10003981975
"Conventional trade theory, which combines the Heckscher-Ohlin theory and the Stolper-Samuelson theorem, implies that expanded trade between developed and developing countries will increase wage inequality in the developed countries. This theory is widely applied. It serves as the basis for...
Persistent link: https://www.econbiz.de/10003981988
"Lesotho and other least developed African countries responded impressively to the preferences they were granted under the African Growth and Opportunities Act with a rapid increase in their clothing exports to the US. But this performance has not been accompanied by some of the more dynamic...
Persistent link: https://www.econbiz.de/10008807829
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Chinese manufacturing exports to Sub-Saharan Africa challenge South Africa's economic influence in the region. To evaluate this, the paper develops and applies a conceptual framework that distinguishes between the intensive and extensive margins of Chinese export competition. South African...
Persistent link: https://www.econbiz.de/10010776888
This timely book brings fresh analysis to the important issue of trade policy reform in emerging markets.
Persistent link: https://www.econbiz.de/10011173225
This paper uses two firm level surveys, the National Enterprise (NE) survey and the Greater Johannesburg Metropolitan Area (GJMA) survey, to explore the implications of globalization for employment in South Africa. These relationships are explored using cross-tabulations and estimated labour...
Persistent link: https://www.econbiz.de/10005694328
South African trade policy has exerted a major influence on the composition and aggregate growth of trade. In the Apartheid period, trade protection seriously impeded both exports and imports, and the economy depended on favorable global commodity price trends to avoid running into an external...
Persistent link: https://www.econbiz.de/10005718755