Factor Mobility And Income Redistribution

In truth, trade in providers was nearly considered an oxymoron by early economists, such as Adam Smith and David Ricardo, who assumed that services usually are not tradable. This was additionally the view of trade negotiators for three or more a long time after the GATT was launched. If trade diversion is larger than commerce creation, formation of the customs union or FTA would diminish world welfare. This article draws on research supported by the Arts and Humanities Research Council , underneath the aegis of the ‘Bengal diaspora’ project, of which I was principal investigator. I am indebted to the AHRC, to my co-investigator, Claire Alexander, and research assistants, Annu Jalais and Shahzad Firoz. Unless otherwise specified, the interviews drawn upon here have been conducted, translated, and transcribed between 2007 and 2009 by Annu Jalais.

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