If India Has a Comparative Advantage in Producing Low-Skilled, Labor-Intensive

question 107

Essay

If India has a comparative advantage in producing low-skilled, labor-intensive goods, what should happen to Indian low-skilled workers' wages as trade barriers against Indian imports fall across the world? What should happen to returns to capital in India?

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Definitions:

Continuous Change

a process of ongoing, gradual improvement or evolution in an organization, individual, or system without sudden breaks or leaps.

Critical

In a general context, it refers to expressing adverse or disapproving comments or judgments. It can also relate to a crucial, decisive, or critical point in a situation.

Lifespan Developmentalists

Scholars and researchers who study the physical, cognitive, social, and emotional changes that occur throughout all stages of the human life cycle, from infancy through old age.