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Not everyone believes that trade with emerging countries like China and India has been a good thing. Be it manufacturing auto parts, reading radiology scans or butchering chickens, no job seems immune to offshoring. Are advanced economies really better off trading with low-wage developing countries? Economist Livio Stracca crunches the numbers and offers some intriguing conclusions. While this statistically dense paper would have benefited from some editorial attention, getAbstract recommends it as a significant aid in understanding how trade between developed and developing economies affects employment and incomes in the rich world.
Take-Aways
About the Author
Livio Stracca is an economist and senior adviser at the European Central Bank.
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