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International wage levels

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Discussion

The evidence cited in chapter 3 using the examples of the East Asia New Industrializing Countries suggests that as international productivities converge, so do international wage levels. Why do you suppose this happened for the East Asian NICs? In light of your answer, what do you think is likely to happen to the relative wages (relative to those in the United States) of China in the coming decade? Explain your reasoning.

Attachment:- Chapter 3-The Ricardian Model.rar

Reference no: EM133186134

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