Comments
Author: Richard Jackman
Language:
English
Keywords:
BOOK; inflation risk; OECD Europe; NAFTA debate; producer-interest specific; investment goods; nominal exchange rate; producer interest; countries account; liberals in Britain; free trade liberal; wage inequality; Wages; Trade liberalization; Unemployment; Unemployment rate; Western Europe; Eastern Europe

Abstract

It is important not only to recognize that there are no clear-cut, systematic results from the current research on the effects of expanded trade but also to follow through the close reasoning as to why it is so difficult to isolate effects in this area. The lack of a clear “message” from these estimates is probably a reflection of the situation in the real economy—namely that there are no clear-cut, systematic effects from trade. Rather than getting involved in the technicalities (which are already very complicated), what I will do in the short time I have is to make a few comments on each of the preceding presentations.

Within Same Series

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Cover Western Europe in Transition
Western Europe in Transition
Impact of Opening Up Eastern Europe
Author: International Monetary Fund
ISBN:
9781451954500
Publication Date:
15 Aug 1997
Publisher:
International Monetary Fund
DOI:
https://doi.org/10.5089/9781451954500.071
Pages:
190