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Activités syndicales internationales --- Division internationale du travail --- International division of labor --- International labor activities --- Internationale arbeidsverdeling --- Internationale vakbondsactiviteiten --- Labor unions --- Syndicaten --- Syndicats --- Trade unions --- Trade-unions --- Vakbonden --- Vakverbonden --- Vakverenigingen --- #SBIB:316.334.2A410 --- #SBIB:044.AANKOOP --- Labor activities, International --- International specialization --- Division of labor --- International economic relations --- Comparative advantage (International trade) --- Industrial unions --- Labor, Organized --- Labor organizations --- Organized labor --- Unions, Labor --- Unions, Trade --- Working-men's associations --- Labor movement --- Societies --- Central labor councils --- Guilds --- Syndicalism --- Arbeidssociologie: vakbeweging: algemeen --- International cooperation

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The quality of institutions-meaning the quality of contract enforcement, property rights, shareholder protection, and the like-has received a great deal of attention in recent years. The purposes of this paper are twofold. First, it studies the consequences of trade when institutional differences are the source of comparative advantage among countries. Institutional differences are modeled within the Grossman-Hart-Moore framework of contract incompleteness. It is shown, among other things, that the less developed country may not gain from trade, and that factor prices may actually diverge as a result of trade. Second, the paper provides empirical evidence of "institutional content of trade:" institutional differences are shown to be important determinant of trade flows.

Comparative advantage (International trade) --- Comparative advantage (Commerce) --- Comparative costs (International trade) --- International trade --- Heckscher-Ohlin principle --- International division of labor --- Econometric models. --- Exports and Imports --- Macroeconomics --- Production and Operations Management --- Neoclassical Models of Trade --- Empirical Studies of Trade --- Trade and Labor Market Interactions --- Labor Economics: General --- Employment --- Unemployment --- Wages --- Intergenerational Income Distribution --- Aggregate Human Capital --- Aggregate Labor Productivity --- Trade: General --- International economics --- Labour --- income economics --- Labor --- Capital productivity --- Imports --- Comparative advantage --- Trade balance --- Production --- Labor economics --- Balance of trade --- United States --- Income economics