Globalization and wage inequalities: A synthesis of three theories

  title={Globalization and wage inequalities: A synthesis of three theories},
  author={Adrian Wood},
  journal={Weltwirtschaftliches Archiv},
Globalization and Wage Inequalities: A Synthesis of Three Theories. — The theoretical insights of Heckscher and Ohlin, Feenstra and Hanson, and Tang and Wood provide a plausible explanation of the effects of globalization on wage inequalities in developed and developing countries. In combination, these three theories can explain, among other things, why inequality has fallen in some developing countries but risen in others. Improved travel and communications facilities raise the relative wages… CONTINUE READING