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来源类型Working Paper
规范类型报告
DOI10.3386/w10626
来源IDWorking Paper 10626
Direct Investment, Rising Real Wages and the Absorption of Excess Labor in the Periphery
Michael P. Dooley; David Folkerts-Landau; Peter Garber
发表日期2004-07-19
出版年2004
语种英语
摘要This paper sets out the political economy behind Asian governments' participation in a revived Bretton Woods System. The overriding problem for these governments is to rapidly integrate a large pool of underemployed labor into the industrial sector. The principal constraints are inefficient domestic resource and capital markets, and resistance to import penetration by labor in industrial countries. The system has evolved to overcome these constraints through export led growth and growth of foreign direct investment. Periphery governments' objectives for the scale and composition of gross trade in goods and financial assets may dominate more conventional concerns about international capital flows.
主题International Economics ; International Finance
URLhttps://www.nber.org/papers/w10626
来源智库National Bureau of Economic Research (United States)
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条目标识符http://119.78.100.153/handle/2XGU8XDN/568256
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Michael P. Dooley,David Folkerts-Landau,Peter Garber. Direct Investment, Rising Real Wages and the Absorption of Excess Labor in the Periphery. 2004.
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