American Growth And The Balance Of Payments 1820 1913

Author : Susan M. Collins
Publisher : Brookings Institution Press
ISBN 13 : 0815714998
Total Pages : 572 pages
Book Rating : 4.8/5 (157 download)

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Download or read book Imports, Exports, and the American Worker written by Susan M. Collins and published by Brookings Institution Press. This book was released on 2010-12-01 with total page 572 pages. Available in PDF, EPUB and Kindle. Book excerpt: Will technological improvement and growth in the rest of the world cause a decline in American living standards? Can government policy in Japan and Western Europe limit the availability of high- wage jobs in America? Does expanding trade with Mexico and other developing countries with large numbers of inexpensive workers imply a continuing decline in wages for low-skilled American workers? These questions express a widespread concern about potential negative effects of import competition on domestic labor markets, but ignore potential gains to U.S. workers from exports abroad. Through U.S. exports, the rest of the world is an increasingly large indirect employer of U.S. workers, and through imports, foreign labor is an increasingly important potential substitute for U.S. workers. Bringing together the often diverse perspectives of international economists, labor economists, and policymakers, this volume analyzes how international trade affects the level and distribution of wages and employment in the United States, examines the need for government intervention, and evaluates policy options. In addition to the editor, the contributors are Jagdish Bhagwati, Columbia University and American Enterprise Institute; J. Bradford De Long, U.S. Department of the Treasury and University of California, Berkeley; I. M. Destler, University of Maryland and Institute for International Economics; Richard B. Freeman, Harvard University and London School of Economics; Louis Jacobson, WESTAT; Lori G. Kletzer, University of California, Santa Cruz; Edward Leamer, University of California, Los Angeles; Michael Piore, Massachusetts Institute of Technology; Ana Revenga and Claudio Montenegro, The World Bank; Jeffrey D. Sachs and Howard Shatz, Harvard University.