1. Globalization
... trade produces a tendency toward factor-price equalization is well grounded in economic theory. All in all, the proposition that globalization explains the simultaneous growth in inequality and unemployment makes a nice, intellectually appealing package; it is not surprising that it should command wide acceptance. Unfortunately, empirical research is nearly unanimous in rejecting the idea that imports from the Third World have ... evidence, it is necessary to understand not just that international trade can in principle change the relative demand for skilled and unskilled labor, but how...
- Word Count: 3449
- Approx Pages: 14
- Has Bibliography
- Grade Level: Undergraduate