The Authors Provide Evidence That Wages Rose at Roughly the Same

question 7

Short Answer

The authors provide evidence that wages rose at roughly the same rates as labor productivity in seven countries between 1973 and 2011. In China, many observers believe that wages have been increasing faster than labor productivity in recent years. If true, what are some implications for Chinese trade patterns?

---

Definitions:

Friendly Suitor

A company that makes an acquisition offer that the management of the target company approves of.

Hostile Bidder

An entity or individual that makes an offer to buy a company despite resistance or disapproval from the target company's board of directors.

Management Buyout

The acquisition of a company's controlling share by its management team, often with the assistance of external financiers.

Going-Private Transaction

A process in which a publicly traded company is transformed into a privately held entity by buying out the public shareholders.