Recently, a growing labor shortage has been causing Chinese wages to rise. If this trend continues, what
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Recently, a growing labor shortage has been causing Chinese wages to rise. If this trend continues, what would you expect to see happen to external economy industries currently dominated by China? Consider, in particular, the situation illustrated in Figure 7-4. How would change take place?
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Related Book For 
International Trade Theory And Policy
ISBN: 978-1292417233
12th Global Edition
Authors: Paul Krugman ,Maurice Obstfeld ,Marc Melitz
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