| Trade and Poverty in the Poor Countries By (2007) | |||||||||||||
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| tries and hence is pertinent to our discussion only insofar as the developing countries have a significant modern sector in trade ) and alternatively of outsourcing from the North to the South (which does affect our discussion more generally). The main research along the latter lines is by Feenstra and Hanson (1996) (1999) and their work finds that the real wages of skilled labour has risen relative to that of unskilled workers from such outsourcing in both sets of countries; but this is consistent with the fact that the real wage of unskilled labour rises as well (a phenomenon that is seen notably in their work on the absolute real wage effects in the US of outsourcing in the United States over two recent decades). But yet another approach also suggests that trade is beneficial for poverty reduction in the developing countries. Much empirical evidence suggests that inflation hurts the poor in these countries. Now, it is equally clear that, if a country wishes to maintain an export- | |||||||||||||
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