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
Date Published:
Thursday, August 24, 2017
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Firms & Trade [9]