The economics of protectionism: Trade and wage inequality [1]

Extrapolating from his research in Mexico, Prof. Eric Verhoogen of Columbia University describes the economics of protectionism. Contrary to prior belief, he illustrates that trade liberalisation increases wage inequality and could likely cause social tensions, explaining the current backlash against globalisation emerging in developed countries.

 

Photo: Jeremy Brooks

 

Video: 
Standfirst: 
Eric Verhoogen explains the relationship between trade liberalisation and wage inequality in developing countries.
Date Published: 
Thursday, August 24, 2017
Tags: 
protectionism [2]
globalisation [3]
trade liberalisation [4]
Mexico [5]
wages [6]
Inequaliy [7]
Authors: 
everhoogen [8]
Cover Image: 
Topic: 
Firms & Trade [9]
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The backlash against globalisation [11]
Globalisation and development [12]
Trading up: Globalisation and developing countries [13]
Improving payroll-tax compliance through decentralised monitoring: Evidence from Mexico [14]