Chapter

Globalization and All That

Abhijit Vinayak Banerjee

in Understanding Poverty

Published in print May 2006 | ISBN: 9780195305197
Published online September 2006 | e-ISBN: 9780199783519 | DOI: http://dx.doi.org/10.1093/0195305191.003.0006
 Globalization and All That

More Like This

Show all results sharing this subject:

  • Economic Development and Growth

GO

Show Summary Details

Preview

This essay begins with a discussion of the Samuelson-Stolper Theorem, which states that if a labor-abundant country is opened to trade with a labor-scarce country, laborers in the first country and the employers in the second will profit at the expense of the workers in the second country and the employers in the first. It then looks at the trade following World War II under the supervision of the newly created guardians of the world trading system: the World Bank, the IMF, and the GATT, as well as trade liberalization in Mexico, Latin America, and Asia. It discusses the issue of reputation: what it means to countries and how it determines what a country ends up exporting to the world.

Keywords: international trade; high trade theory; Samuelson-Stolper Theorem; inequality; liberalization; reputation

Chapter.  7026 words. 

Subjects: Economic Development and Growth

Full text: subscription required

How to subscribe Recommend to my Librarian

Buy this work at Oxford University Press »

Users without a subscription are not able to see the full content. Please, subscribe or login to access all content.