International Trade Arising from Wage Differences

This paper analyzes how trade can develop between low and high wage countries when there is free trade and when there is protection. In particular, the paper focuses on Pakistani industrial development from the 1950's and how standard international trade theory relies on specific assumptions ab...

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Bibliographic Details
Published in:The Lahore journal of economics 2009-09, Vol.14, p.135-154
Main Author: Rahim, Sikander
Format: Article
Language:English
Subjects:
Costs
Cotton
Developing countries
Employment
Export-import trade
Exports
Foreign investment
Free trade
Free trade and protection
Gross income
Industrial development
Industrial policy
International trade
Investments
LDCs
Manufacturing
North and South
Political economy
Prices
Profits
Ratios
Studies
Textiles
Value added
Wage differential
Wage differentials
Wage rates
Wages & salaries
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