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9780444884800

Labour Unions and the Theory of International Trade

by ; ;
  • ISBN13:

    9780444884800

  • ISBN10:

    0444884807

  • Format: Hardcover
  • Copyright: 1991-07-01
  • Publisher: Elsevier Science Ltd

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Summary

This book provides a theory of trade between countries in at least one of which the pattern of competitive markets is disturbed by a powerful national labour union and in which, therefore, wage distortions are endogenous; the book then proceeds to re-examine the several comparative-equilibrium questions of conventional trade theory. In addition, several questions are confronted which can be posed only in the new framework. In Chapters II and III, two well-known models of production and trade are taken. In Chapter IV the analysis of Chapter II is reconsidered under the assumption that there is a strong labour union in each trading country. Chapters V-VII broaden the scope of analysis by allowing for capital accumulation and its interaction with union policies.

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