However, even though there are indeed some disadvantages, the benefits of immigration to the economy are more than enough to make up for the costs. Immigrants are affecting the economic growth in the United States of America. Immigrants come from many different places and as it causes cultural diversity,. Regulations that the government implement, licensing for example, increases the barrier of entry into the market and decreases ways for the traders to gratify consumer demand.
Trade Liberalization Literature Review
Is FDI Spillover Conditioned on Financial Development and Trade Liberalization: Evidence from UMCs
All Rights Reserved. This study examines the impact of trade liberalization on the Ethiopia's trade balance using the data over the period to from NBE National Bank of Ethiopia. The country has undertaken serious trade reforms, either as a part of major macroeconomic reforms and commitments with international regulations, or by decisions driven by a process of internal adjustment for the last two decades. One of the anticipated gains from the trade liberalization policies adopted by Ethiopia is improved export performance. In this research, the arguments on which this expectation is based were reviewed and the impact of trade liberalization on Ethiopian trade balance was analyzed.
Elgar Research Reviews consist of two principal components: a scholarly literature review article and a list of recommended readings. Each literature review article is prepared by a leading scholar and introduces the relevant field of academic study by surveying the seminal and most transformative articles within that field. The article sets the recommended readings into context, revealing how they have shaped scholarship and why they are important to the development of the field.
This compelling Literature Review Article discusses the major literary contributions to the economic analysis of the consequences of trade liberalization on growth, productivity, labor market outcomes and economic inequality. Examining the classical theories that stress gains from trade stemming from comparative advantage, the review also analyses more recent theories of imperfect competition, where any potential gains from trade can stem from competitive effects or the international transmission of knowledge. Empirical contributions provide evidence regarding the explanatory power of these various theories, including work on the effects of trade openness on economic growth, wages, and income inequality, as well as evidence on the effects of trade on firm productivity, entry and exit. This Research Review will be an invaluable research resource for academics, practitioners and those drawn to this fascinating topic. You are not authenticated to view the full text of this chapter or article.