Trade Wars: The Exaggerated Impact of Trade in Economic Debate

Topics:
WTO
Tags:
Debate,
Finance,
Free Trade,
Globalization,
Human Resources,
Labor Relations,
Management,
National Bureau Of Economic Research,
Strategy
Source:
National Bureau of Economic Research

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Overview: The rules governing trade and capital flows have been at the center of controversy as globalization has proceeded. One reason is the belief that trade and capital flows have massive effects on the labor market - either positive, per the claims of international financial institutions and free trade enthusiasts, or negative, per the ubiquitous protestors at WTO, IMF, and World Bank meetings demanding global labor standards. Comparing the claims made in this debate with the outcomes of trade agreements, this paper finds that the debate has exaggerated the effects of trade on economies and the labor market.

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Format: PDF | Size: 237KB | Date: Sep 2003 | Pages: 35

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