With the rise of manufactured exports from developing countries, a new movement opposed to globalization has emerged.

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With the rise of manufactured exports from developing countries, a new movement opposed to globalization has emerged. The central concern of this movement is with the low wages paid to export workers, although there are other themes as well. The response of most economists is that developing-country workers may earn low wages by Western standards, but that trade allows them to earn more than they otherwise would. LO.1

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International Trade Theory And Policy

ISBN: 978-1292417233

12th Global Edition

Authors: Paul Krugman ,Maurice Obstfeld ,Marc Melitz

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