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This important book joins the debate with a robust defense of the principle and ...
This important book joins the debate with a robust defense of the principle and practice of free trade in the United States. Editors Albert Fishlow and Karen Parker have collected essays from a number of leading economists and trade specialists that challenge the view that trade is solely responsible for growing inequality in the United States. The authors debunk the generalized notion that protectionism will reverse inequality, elucidating the complexity of a problem of income distribution that includes other key factors such as technological progress, foreign direct investment, immigration, and expanded higher education. The book avoids quickfix solutions, instead offering commonsense policy ideas that seek to sustain the efficiency-enhancing benefits for the United States of free trade while recognizing and redressing the plight of the "losers" in the global market economy.
|2.||The New Inequality in the United States||21|
|3.||The Causes and Consequences of Changing Income Inequality||67|
|4.||Foreign Direct Investment and Good Jobs/Bad Jobs: The Impact of Outward Investment and Inward Investment on Jobs and Wages||95|
|5.||Increasing Wage Dispersion in U.S. Manufacturing: Plant-Level Evidence on the Role of Trade and Technology||118|
|6.||The Impact of Immigration on the U.S. Labor Market||149|
|7.||What Can We Do? Remedies for Reducing Inequality||192|
|About the Authors||225|