Changes in Trade and Employment in the Major Industrial Countries, 1970–76
There has been increasing concern in the industrial countries in recent years that international trade may have an adverse impact on employment in particular sectors of the economy. Imports have accordingly been restricted in such sectors as textiles and wearing apparel, footwear, iron and steel and consumer electronics. At the same time, however, the expansionary effect that exports may have on employment has not always been duly recognised.
KeywordsGross Domestic Product Employment Effect Total Trade Employment Change Tariff Reduction
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- 2.The choice of years, 1970 and 1976, was dictated by the data base constructed for this model in connection with our previous research on the effects of tariff reductions and changes in exchange rates on employment: A. V. Deardorff, R. M. Stern and C. F. Baum, ‘A Multi-Country Simulation of the Employment and Exchange-Rate Effects of Post-Kennedy Round Tariff Reductions’, in N. Akransanee et al. (eds.), Trade and Employment in Asia and the Pacific ( Honolulu, University Press of Hawaii, 1977 );Google Scholar
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