Trade and Development in a Labor Surplus Economy
Trade and Development in a Labor Surplus Economy

Author: Edward Barbier

Publisher:

Published: 2005

Total Pages: 33

ISBN-13:

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This paper looks at a model in which two countries trade agricultural and manufactured commodities. The manufactured-goods sector produces with increasing returns to scale under conditions of monopolistic competition. It is shown that an increase in land endowment (or an increase in agricultural productivity) can have negative welfare implications for both countries. This outcome can result under three different scenarios: asymmetries across countries, i.e. a North-South model, a neoclassical labor market in the home country's instead of a Lewisian market, and alternative utility functions.

Disrupted Development and the Future of Inequality in the Age of Automation
Disrupted Development and the Future of Inequality in the Age of Automation

Author: Lukas Schlogl

Publisher: Springer Nature

Published: 2020-01-13

Total Pages: 108

ISBN-13: 3030301311

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This open access book examines the future of inequality, work and wages in the age of automation with a focus on developing countries. The authors argue that the rise of a global ‘robot reserve army’ has profound effects on labor markets and economic development, but, rather than causing mass unemployment, new technologies are more likely to lead to stagnant wages and premature deindustrialization. The book illuminates the debate on the impact of automation upon economic development, in particular issues of poverty, inequality and work. It highlights public policy responses and strategies–ranging from containment to coping mechanisms—to confront the effects of automation.