Estimates of trade-displacement costs for U.S. workers |
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Authors: | Malcolm D Bale |
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Institution: | Montana State University, Bozeman, MT 59715, U.S.A. |
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Abstract: | This paper examines the costs to society when prolonged unemployment of resources occurs following trade liberalization. Clearly such costs could be of sufficient magnitude to outweigh the benefits of a move towards freer trade. The paper analyze the characteristics of a sample of trade-displaced workers, and from this analysis the costs of trade liberalization is a displaced worker and to society are estimated. |
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