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Globalization, Poverty, and All That:Factor Endowment versus Productivity Views
Essay specific features


Written by:
Eric G
Date added:
September 16, 2012
Level:
University
Grade:
A
No of pages / words:
54 / 14866
Was viewed:
9762 times
Rating of current essay:
Essay content:
Unfortunately, productivity differences seem necessary to understand many, though not all, globalization and inequality episodes. The factor endowment predictions help give us insight into how the North Atlantic economy achieved decreasing inequality between countries in the last five decades. They also give us insight into the Great Migration of Europeans from the land-scarce Old World to the land-abundant New World in the late 19th and early 20th century, accompanied by the predicted movements in land rental/wage ratios...
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They also give us insight into the Great Migration of Europeans from the land-scarce Old World to the land-abundant New World in the late 19th and early 20th century, accompanied by the predicted movements in land rental/wage ratios. The factor endowment view of an earlier movement of Europeans to the colonies of the New World and southern Africa help us understand the origins of different levels of country inequality based on land/labor ratios...
displayed 300 characters
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