Question: The Stolper-Samuelson theorem predicts that inequality will fall in developing economies. But the adoption of new technologies as countries join GVCs means that production processes

The Stolper-Samuelson theorem predicts that inequality will fall in developing economies. But the adoption of new technologies as countries join GVCs means that production processes favour the skilled even in developing countries. So, is Stolper-Samuelson wrong?

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ANSWER Explanation i The StolperSamuelson trade theorem states that when countries engage themselves in international trade they will experience a ris... View full answer

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