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Lecture

The Politics of Trade Part II.docx

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Department
Political Science
Course
POLI 243
Professor
Mark Brawley
Semester
Winter

Description
The Politics of Trade Part II Extensions of the H-O Model The Stopler-Samuelson Theorem Why are people opposed to Free Trade when it is ostensibly beneficial Assumes factors may move from one application to another with ease, at no cost There is really one market for labour and one market for capital Specialization occurs rapidly and fully Trade causes domestic prices to change; effect is passed on to returns earned by factors Factor based or class cleavages result Sector Specificity Assumes factors can move from one application to another with great difficulty and only at high cost How to take fisherman to convert to computer programmer Specialization occurs slowly and is never complete Trade causes domestic prices to change; effect is passed on to returns earned by factors, depending on which sector they are in Sector based cleavages result Stopler-Samuelson because all workers will oppose free trade because free trade drives down wages Current Debates on the Politics of Trade Application of the Stopler-Samuelson (Ron Rogowski) 1989, 50 year gap Stephen Magee American trade policy is shaped by sector based interests Lobby groups but not a lot of class cleavages Is
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