The Heckscher-Ohlin Model
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Globalization's Winners and Losers: Challenges for Developed and Developing Countries - GeorgetownX - INFX523-01
In this video, Professor Moran describes the Heckscher-Ohlin Model and addresses job inequality in the U.S.. He also addresses the role of globalization on the stagnation of wages and benefits for lower and middle classes. He addresses following key question: What do standard trade models predict about the impact of trade liberalization on wage inequality?Learning Objective: Describe what standard trade models predict about the impact of trade liberalization on wage inequality.Learning Objective: Describe the impact of trade and foreign direct investment liberalization on the number of jobs in the economy.Learning Objective: Recognize the limitations of models in relation to empirical evidence.Learning Objective: Explain the impact of trade expansion on the kinds of jobs in the economy, and associated wages.
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WEEK 3 - Good Jobs, Bad Jobs, and Wage Inequality
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