Overview
For more than a decade, there have been two important trends in the American economy. The first trend has been toward increasing openness of the economy to the international flows of goods, money, people, and ideas. The second has been very slow or even negative growth in real wages and a widening disparity in the distribution of income, particularly between relatively skilled and unskilled workers. Many observers suspect that these two trends are connected: increasing competition from foreign producers, particularly in low-wage developing countries, may have contributed to stagnation in US real wages and a worsening income distribution. These concerns have led to proposals to slow or reverse the internationalization of the American economy in order to bolster real wages, preserve jobs, and prevent a worsening income distribution. The issue is hotly debated among analysts and policymakers. This study will provide a fresh and comprehensive analysis of theory and empirical evidence on the relationships among trade, employment and wages, and income distribution. It will explore the full range of options available to policymakers, including slowing the pace of trade liberalization, providing adjustment assistance to trade-impacted workers, and encouraging investment in human and physical capital.
Full Product Details
Author: William Cline
Publisher: The Peterson Institute for International Economics
Imprint: The Peterson Institute for International Economics
Dimensions:
Width: 15.40cm
, Height: 1.50cm
, Length: 22.90cm
Weight: 0.450kg
ISBN: 9780881322163
ISBN 10: 0881322164
Pages: 328
Publication Date: 01 November 1997
Audience:
College/higher education
,
Professional and scholarly
,
Undergraduate
,
Postgraduate, Research & Scholarly
Format: Paperback
Publisher's Status: Active
Availability: In Print
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Language: English
Author Information
William R. Cline has been a senior fellow at the Peterson Institute for International Economics since 1981. During 1996-2001 while on leave from the Institute, Dr. Cline was deputy managing director and chief economist of the Institute of International Finance (IIF) in Washington, DC. From 2002 through 2011 he held a joint appointment with the Peterson Institute and the Center for Global Development, where he is currently senior fellow emeritus. Before joining the Peterson Institute, he was senior fellow, the Brookings Institution (1973-81); deputy director of development and trade research, office of the assistant secretary for international affairs, US Treasury Department (1971-73); Ford Foundation visiting professor in Brazil (1970-71); and lecturer and assistant professor of economics at Princeton University (1967-70).
