Pravin Krishna on the Political Economy of Multilateral and Preferential Trade Agreements, Trade Liberalization, and the Future of Global Trade
Ideas of India
Trade Liberalization and Labor Dynamics
This chapter examines the effects of trade liberalization on productivity and economic growth, focusing on India's transition post-reforms. It discusses the implications of increased competition, technology transfers, and historical anecdotes to illustrate the impact on domestic markets and labor dynamics. Additionally, the speakers reflect on how global trends, including automation and changes in union power, have influenced wage disparities and labor elasticity in the U.S. and beyond.
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