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North-South Trade, Employment and Inequality
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North-South Trade, Employment and Inequality: Changing Fortunes in a Skill-Driven World

Adrian Wood

Abstract

Expansion of trade in manufactures between developed and developing countries has had a far greater effect on labour markets than earlier research suggested. In developing countries (the South), unskilled workers have benefited most from this trade, but in developed countries (the North) the gains have been concentrated on those with skills, while unskilled workers have suffered falling wages and rising unemployment, which has worsened income distribution and aggravated other social problems. The failure of Northern governments to recognize what is happening has fuelled the rise of protection— ... More

Keywords: development, distribution, education, labour markets, protection, skills, trade, unemployment, wages

Bibliographic Information

Print publication date: 1995 Print ISBN-13: 9780198290155
Published to Oxford Scholarship Online: November 2003 DOI:10.1093/0198290152.001.0001

Authors

Affiliations are at time of print publication.

Adrian Wood, author
University of Sussex
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