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- W3184283119 abstract "The entry of a low-wage country into a world economy with preexisting wage differentials puts the gains from trade in a former low-wage and then medium-wage country under pressure. If negotiations over the formation of a free trade area cover international transfers, there is a strong presumption that they bring about global free trade and compensation of the medium-wage country if necessary. In the absence of international transfers, by contrast, the medium-wage country is not compensated when global free trade causes a reduction in its gains from trade, and it may even happen that it is not part of the equilibrium free trade area." @default.
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- W3184283119 date "2022-01-13" @default.
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- W3184283119 title "Low-wage competition: pains from trade for medium-wage countries" @default.
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- W3184283119 doi "https://doi.org/10.1080/09638199.2021.2016897" @default.
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