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Author:Wood, A.
Title:Globalization and wage inequalities: A synthesis of three theories
Journal:Weltwirtschaftliches Archiv
2002 : VOL. 138:1, p. 54-82
Index terms:GLOBALIZATION
PAY
INEQUALITY
THEORIES
ANALYTICAL REVIEW
Language:eng
Abstract:The argument of this paper is that the varied effects of globalization - defined as reduction of the costs of all sorts of international transactions - on wage inequalities within developed and developing countries can be explained by combining three theoretical insights. (Tang and Wood, Feenstra and Hanson, Heckscher and Ohlin). These three insights, though seemingly unrelated and in some ways conflicting, turn out to be compatible and complementary. With some minor modifications to the models in which they were formulated, they can be fitted together into a single, synthetic theory. The author provides a substantial list of references on this subject.
SCIMA record nr: 235682
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