Karteikarten
06 Globalisation
Karten in diesem Stapel (9)
- 1Spillovers- in low-income countries positive interactions with other markets are expected from an expansion of the agricultural sector
- Production linkage: rising production -> higher demand for production factors and intermediate goods (upstream channel), investment in processing industries rises (downstream channel) - 2Vulnerability- trade liberalization change the risks households are exposed to
- they may choose to diversify their portfolio of activities (shift production from food crops to cash crops, higher returs but also higher risks) - 3Extreme forms of structure of labour market1) Neoclassical labor market: given labour supply and flexible wages
2) Surplus labour: perfectly elastic labour supply with fixed wages - 4Stolper- Samuel TheoremIf price for labour intensive good rises, its production and the real wage for unskilled workers rise, workers in developing countries should benefit.
- 5Policy measures to accompany trade liberalisationa) compensation of losers
(often necessary due to political economy reasons, otherwise trade reforms cant be enforced, social reasons for compensations)
b) complementary measures that help participate in gains from trade - 6Push Pull Model of MigrationPush factors: socio-economic determinants (low incomes , unemployment, population pressure, bad social infrastructure), political determinants (war, discrimination, repression,..), ecological determinants (natural disasters, climate change)
Pull Factors: Economy (earning possibilities, safety nets...), society (safety, education, health system), Politics (liberal immigration policy, peace,..) - 7Two basic migration motives1) Expected income differences
2) Portfolio considerations - 8Motives of sending remittancePersonal:
Altruism, Exchange, Inheritance, Strategic motive
Family level:
Insurance, Investment - 9Dutch Disease
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- Poverty, Equity and Development Karteikarten am 06 Globalisation, erstellt von Josefine Marie am 14/07/2020.
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- Josefine Marie
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