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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.
This book, which was first published in 1980, is concerned with one
particular branch of growth theory, namely descriptive growth
theory. It is typically assumed in growth theory that both the
factors and goods market are perfectly competitive. In particular
this implies amongst other things that the reward to each factor is
identical in each sector of the economy. In this book the
assumption of identical factor rewards is relaxed and the
implications of an intersectoral wage differential for economic
growth are analysed. There is also some discussion on the
short-term and long-run effects of minimum wage legislation on
growth. This book will serve as key reading for students of
economics.
Tourism is a growing and important industry in both developed and
developing countries. In many countries it is an important source
of foreign exchange. Moreover, it employs a large proportion of the
domestic labour force as well as guest workers and illegal
migrants. In spite of its importance as an exportable good, tourism
has not been integrated into the real theory of trade. This book
represents a pioneering attempt at integrating tourism into the
pure theory of international trade. Some of the related issues
discussed include illegal migrants, guest workers and long-run
economic growth.
This book, which was first published in 1980, is concerned with one
particular branch of growth theory, namely descriptive growth
theory. It is typically assumed in growth theory that both the
factors and goods market are perfectly competitive. In particular
this implies amongst other things that the reward to each factor is
identical in each sector of the economy. In this book the
assumption of identical factor rewards is relaxed and the
implications of an intersectoral wage differential for economic
growth are analysed. There is also some discussion on the
short-term and long-run effects of minimum wage legislation on
growth. This book will serve as key reading for students of
economics.
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