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North-South Trade, Employment and InequalityChanging Fortunes in a Skill-Driven World$
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Adrian Wood

Print publication date: 1995

Print ISBN-13: 9780198290155

Published to Oxford Scholarship Online: November 2003

DOI: 10.1093/0198290152.001.0001

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Policy Options for the North

Policy Options for the North

Chapter:
(p.346) 10 Policy Options for the North
Source:
North-South Trade, Employment and Inequality
Author(s):

Adrian Wood (Contributor Webpage)

Publisher:
Oxford University Press
DOI:10.1093/0198290152.003.0010

Expansion of trade with the South has, on average, benefited people in the North, but has hurt unskilled workers, who should be assisted by government action. Protection against Southern imports would be the most costly solution, for both North and South. In principle, the best policy is to expand the skilled labour supply by improvements in education and training, but there is less scope for doing so than is usually recognized, and the benefits would emerge only slowly. Action is thus needed also on the demand side, but in different ways in different countries. In America, the best approach would be to combine better education, greater public employment of unskilled workers, and income supplements for low‐wage workers. In Europe, to better education should be added policies to raise the relative demand for unskilled workers, for example, through the introduction of a progressive payroll tax.

Keywords:   demand, education, employment, labour, policy, protection, supply, tax, trade, training

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