- Title
- Intra-versus inter-industry specialisation, labour market adjustment and poverty: implications for regional integration in Southern Africa
- Creator
- Cattaneo, Nicolette S, Fryer, David
- Subject
- To be catalogued
- Date
- 2003
- Type
- text
- Type
- working paper
- Identifier
- http://hdl.handle.net/10962/470188
- Identifier
- vital:77334
- Identifier
- ISBN
- Description
- Although there is little doubt that increasing trade enhances overall welfare, the literature provides strong theoretical arguments and empirical evidence that there may be important adverse effects for particular groups and countries. It is useful to divide these into two categories. Firstly, there are the long run distributional consequences of trade, such as those highlighted by the Stolper-Samuelson theorem. Secondly, to the extent that the adjustment to equilibrium is not smooth, there are important dislocations associated with the movement of factors between industries in the transition period. These adverse effects are important, both because of their welfare implications, and because the affected groups or countries will constitute a source of political resistance to trade. Offsetting this picture, however, is the important view that such effects, both in terms of the long-run distributional consequences and the dislocations during adjustment, are likely to be less if liberalisation leads to intra-industry rather than inter-industry specialisation.
- Format
- 57 pages, pdf
- Publisher
- Trade and Industrial Policy Strategies
- Language
- English
- Relation
- Cattaneo, N. and Fryer, D., 2003. Intra-versus inter-industry specialisation, labour market adjustment and poverty: implications for regional integration in Southern Africa
- Rights
- Publisher
- Rights
- Use of this resource is governed by the terms and conditions of the publisher
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- Visitors: 15
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Collections
Fryer, David (Mr)
Cattaneo, Nicolette Sylvie (Ms)
SDG 08. Decent Work and Economic Growth
RU Department of Economics and Economic History
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