Trade openness linked to lower unemployment rates, study finds.
The article explores how international trade affects unemployment rates in different countries. Two models are used to study this relationship: one focusing on labor and technological differences, and the other on labor and capital mobility. The study finds that in countries with more open trade policies, unemployment tends to be lower. This supports the idea that trade openness can help reduce unemployment. The results also show that this relationship remains consistent across different types of countries, regardless of their labor or capital abundance.