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Models of Unemployment in Trade and Economic Development (Hardcover, New)
Loot Price: R4,361
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Models of Unemployment in Trade and Economic Development (Hardcover, New)
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The impact of increased levels of international trade on domestic
labor markets is a central issue for policy makers in both
developed and less developed countries. "Models of Unemployment in
Trade and Economic Development" considers the most significant
current issues in this area within the context of models which
examine the relationship between trade and unemployment.
Divided into three sections, the book first examines unemployment,
decay and "Dutch Disease." Later sections address structural
adjustment, urban unemployment, protectionism, and various models
of unemployment. The authors offer persuasive arguments that
include the following: minimum wages cause decay rather than
growth; disaggregation of non-traded goods between urban and rural
regions is of critical importance in structural adjustment,
protectionism, and the real exchange rate.
Hazari and Sgro also use segmented labor market theory to
illuminate urban and disguised unemployment. They emphasize the
importance of agricultural policies for rural development and
provide a lucid introduction to the impact of technology transfers
on employment in both donor and recipient countries.
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