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Keywords:International trade 

Journal Article
Vertical specialization and the changing nature of world trade

A major feature of globalization has been the enormous increase in international flows of goods and services: countries are now trading much more with each other. In this article, the authors demonstrate the greater role vertical specialization is playing in these increased flows. Vertical specialization occurs when a country uses imported intermediate parts to create a good it later exports--that is, the country links sequentially with other countries to produce a final good. Deriving evidence from four case studies as well as OECD input-output tables, the authors reveal that vertical ...
Economic Policy Review , Volume 4 , Issue Jun , Pages 79-99

Journal Article
Trade and wages: choosing among alternative explanations

North-South trade competition cannot be an explanation for the adverse trend for U.S. unskilled wages. If wage competition in these industries from abroad pushed down wages, then prices of these goods should also have gone down, and they have not. Also VERs and anti-dumping measures have protected exactly the wage earners supposedly threatened.
Economic Policy Review , Issue Jan , Pages 42-47

Journal Article
The internationalization of the U.S. labor market and the wage structure

The increasing internationalization of the U.S. labor market has had important effects on the wage structure. Immigration has probably increased wage inequality because recent immigrant waves tend to be less skilled than earlier waves. Growing trade deficits in durable goods have also increased wage inequality by reducing the relatively high wages of less-skilled workers in these industries and by displacing workers from them.
Economic Policy Review , Issue Jan , Pages 3-8

Journal Article
U.S. wage trends in the 1980s: the role of international factors

International trade has had some impact on relative industry wages, but cannot explain widening wage differentials by education, skill, or occupation. Likewise, the slow growth of average wages during the 1980s cannot be explained by international trade.
Economic Policy Review , Issue Jan , Pages 18-25

Working Paper
The New England-China relationship in 2005

This essay provides an overview of current trade patterns between New England and China. It was prepared for a symposium sponsored by The Boston Athenaeum comparing New England?s present-day trade with China to the region?s prominence in the U.S.-China trade of the 19th century. The essay concludes that a special trade relationship between New England and China does not exist at the present time. Although New England?s exports to China are growing rapidly, they are not growing markedly faster than exports from the rest of the country, and China does not account for an unusually large fraction ...
New England Public Policy Center Working Paper , Paper 05-1

Journal Article
Commerce with the newly liberalizing countries: promised land, quicksand, or what?

As liberalization takes on convincing shape and substance in Eastern Europe and the Soviet Union, international entrepreneurs the world over are entertaining visions of capitalizing on new business opportunities. No doubt the transformation of heretofore centrally directed economies into more nearly market economies will bring such opportunities, and will entail significant, if not dramatic, changes in the international commerce of these economies. ; is article presents an overview of trade between the "newly liberalizing countries," or NLCs, and the rest of the world, and tenders some ...
New England Economic Review , Issue May , Pages 19-33

Journal Article
The liberalization of international trade and payments in Eastern Europe

Few events can match the opening of the Berlin Wall as an historic symbol. Among the many things promised by that opening was the liberalization of trade that had been closely controlled for many years by the communist governments of Eastern Europe. This promise has virtually been realized in East Germany as that nation has unified with its neighbor to the West. Progress in other East European countries (including the Soviet Union) is uneven, however, because of concern over the costs of adjusting to freer trade. ; This article examines the nature, motivation, and consequences of ...
New England Economic Review , Issue Mar , Pages 41-51

Journal Article
Input tariffs as a way to deal with dumping

The General Agreement on Tariffs and Trade (GATT) has significantly reduced the use of tariffs as barriers to international trade in todays marketplace. The existence of antidumping legislation, however, provides American industry with a method of procuring protection when the pressures of international competition become oppressive. Many American companies have taken advantage of the legislation and claimed injury at the hands of unfair competition from abroad, often winning the imposition of punitive duties on competing imports as compensation for previous underpricing. This article uses an ...
New England Economic Review , Issue Nov , Pages 45-55

Journal Article
The problem of U.S. competitiveness in manufacturing

New England Economic Review , Issue Jan , Pages 18-29

Journal Article
The U.S. trade deficit: a perspective from selected bilateral trade models

New England Economic Review , Issue May , Pages 19-31



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