International work division and geographical distribution of the wellness: a new methodological approach
Since the mid-40s, with the General Agreement on Tariffs and Trade (GATT) and more intensely from the creation of the World Trade Organization (WTO) in 1995, developed countries have promoted a new globalization trend in terms of tradeopenness and financial liberalization. With the support of the (w...
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| Autores principales: | , , , |
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| Formato: | Artículo revista |
| Lenguaje: | Español |
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Facultad de Economía y Administración
2016
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| Materias: | |
| Acceso en línea: | http://revele.uncoma.edu.ar/index.php/cuadernos/article/view/1091 |
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| Sumario: | Since the mid-40s, with the General Agreement on Tariffs and Trade (GATT) and more intensely from the creation of the World Trade Organization (WTO) in 1995, developed countries have promoted a new globalization trend in terms of tradeopenness and financial liberalization. With the support of the (weak but widely disseminated) hypothesis of free trade as a key instrument for paretian collectiveprogress (provided the international division of labor is performed on the basis ofRicardian comparative advantages) industrial economies have built a successfulrepressive apparatus on developmental efforts of emerging countries (mainly, madeup by World Bank, WTO and International Monetary Fund regulations). In thiscontext, the aim of this paper is twofold. On the one hand, it seeks to contribute tothe analysis of the double standard the US and the leading countries of the EuropeanEconomic Community use to manage global trade policies. On the other hand, itseeks to introduce a new methodology for analyzing the impact of the internationaldivision of labor on the geographical distribution of welfare, by working with a newdatabase of sectoral value added embodied in gross exports and a three-stage econometric estimation using a new software for automatic model selection(GSREG). |
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