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International Trade
International Trade

... Specific programmers may face wage cuts due to the competition from India, but this is not inconsistent with skilled labor wages rising. By making programming more efficient in general, this development may have increased wages for others in the software industry or lowered the prices of the goods o ...
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research paper series

... A theoretical framework compatible with these results is the fair wage model by Akerlof and Yellen (1990). Here, a two-country-two-sector variant of their model is used as a framework for the analysis. Given the empirical evidence just cited, I allow for the fair wage mechanism to be present in both ...
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International factor movements



In international economics, international factor movements are movements of labor, capital, and other factors of production between countries. International factor movements occur in three ways: immigration/emigration, capital transfers through international borrowing and lending, and foreign direct investment. International factor movements also raise political and social issues not present in trade in goods and services. Nations frequently restrict immigration, capital flows, and foreign direct investment.
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