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Search results with tag "International trade theory and policy"
International Trade Theory and Policy: A Review of the ...
www.levyinstitute.orgprotection and real wages. In terms of above, the scarce factor in trading nations, are to lose under free trade under factor price equalization. Thus labor, considered as the scarce factor of production in United States, was considered to benefit from protection and not from free trade (Stolper and Samuelson 1941).