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| Author: | Burtless, G. |
| Title: | A review international trade and the rise in earnings inequality |
| Journal: | Journal of Economic Literature
1995 : JUN, VOL. 33:2, p. 800-878 |
| Index terms: | INTERNATIONAL TRADE EARNINGS |
| Language: | eng |
| Abstract: | Free trade is one of the most cherished goals of American economists. The theory of competitive advantage, taught in every introductory economics course, is regarded as a triumph of scientific reason and a compelling argument to reduce legal barriers to international trade. When making the case for adopting the Uruguay round of GATT, officials in the Clinton administration claimed that trade liberalization under the new treaty would add $5 trillion to world output over the course of a decade. |
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