Unexpected effects of trade with low-income countries
Seminar Guest speakers | Monday September 26, 1994
Trade with low-income countries does not necessarily lead to unemployment in industrialised nations ; but it may substantially widen the disparity of incomes within both kinds of countries. It may also lead to the disappearance of the middle class, as can be seen in the US. This is not the only possible change, but it is the likely result of non-intervention on the part of governments in regulating international exchange or income policy. This thesis provoked a lively discussion.
The entire article was written by:
Michel BERRY
Pierre-Noël GIRAUD
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