How Much Has LDC Trade Affected Western Job Markets?

Richard Freeman and Ana Revenga

in Trade and Jobs in Europe

Published in print August 1999 | ISBN: 9780198293606
Published online August 2004 | e-ISBN: 9780191601262 | DOI:
 How Much Has LDC Trade Affected Western Job Markets?

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This chapter examines the impact of trade with less developed countries (LDCs) on labour markets using a newly developed data set that links trade flows by industry and country to labour market outcomes in a sample of OECD countries from 1970 to 1992. Two extreme views are considered: that trade is the sole determinant of labour market problems and that trade has no effect on Western workers. Results failed to support either of the views.

Keywords: international trade; labour markets; unemployment; low-skilled workers; OECD countries

Chapter.  10599 words.  Illustrated.

Subjects: Macroeconomics and Monetary Economics

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