US Trade and Wages: The Misleading Implications of Conventional Trade Theory
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This paper is based on research undertaken for a book Rising Tide: Is Growth in Emerging Markets Good for the United States to be published by the Peterson Institute for International Economics. We thank the Sloan Foundation, The Center for International Development at Harvard, ERSA, and the National Research Foundation of South Africa for financial support. Any opinion, findings and conclusions or recommendations expressed in this material are those of the authors and do not necessarily reflect the views of the funders or the National Bureau of Economic Research. We are indebted for research assistance to Pandey Bibek and Sounman Hong.