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Trade Policy, Income, and Employment

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  • Robert E. Baldwin

Abstract

Disappointing recent growth rates, the emergence of structurally unfavorable income and employment conditions, and important institutional changes in the international trading environment have caused policy officials in the advanced industrial nations to reconsider the proper mix of reactive versus active trade policy in easing adjustment to labor market disruptions and dealing with structural changes. This paper first examines the implications of traditional trade theory as well as the new theoretical developments emphasizing imperfect markets for this policy reevaluation. Alternative policy options are then considered within a framework that recognizes the imperfect real world conditions within which trade policies must operate.

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File URL: http://www.nber.org/papers/w1321.pdf
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Bibliographic Info

Paper provided by National Bureau of Economic Research, Inc in its series NBER Working Papers with number 1321.

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Date of creation: Apr 1984
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Publication status: published as Baldwin, Robert E. "Trade policy and Employment," Employment Growth and Structural Change. Paris: OECD, 1985.
Handle: RePEc:nbr:nberwo:1321

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Cited by:
  1. Jan Jaap Hazenberg, 2012. "Effectiveness of independent boards of Luxembourg funds," CREA Discussion Paper Series 12-11, Center for Research in Economic Analysis, University of Luxembourg.

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