We study the labor market effects of realignment in fixed bilateral exchange rates, such as China's peg to the US dollar. We employ the open economy model by de Melo and Robinson to identify the core parameters of the real, trade side of the economy driving the unemployment effects of bilateral...

The Uruguay Round's built-in agenda for future WTO negotiations omitted further liberalization in manufactures, yet this paper shows that there are large potential gains to be had from such tariff cuts, especially in the developing countries. In order to fully estimate the benefits of adding...

One of the principal arguments for inclusion of core labor standards in the WTO is that weak labor standards provide an illegitimate boost to competitiveness and may result in a "race to the bottom" in labor standards worldwide. This paper shows that, if the violation of labor standards results...