An obscure economic theorem can help explain why the Asian sweatshop is dying

by Rashmee

Posted on January 2, 2017


Remember the Stolper-Samuelson theorem? It pronounces on the relationship between trade and wages and was formulated in the 1940s by Harvard economists Wolfgang Stolper and Paul Samuelson. They argued that tariff removals can depress wages to the point that workers as a class suffer adverse effects. The stark message: globalization doesn’t always produce winners. The … Continue reading “An obscure economic theorem can help explain why the Asian sweatshop is dying”

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Rashmee has lived and worked in several countries in the past decade, including Afghanistan, India, Haiti, Tunisia, the UAE, US and UK