Dalia Marin, who Chair in International Economics at the University of Munich, discusses “new new trade theory” and how it looks at phenomena that don’t fit into older models of trade, particularly outsourcing and offshoring. Her work is empirical and here she discusses wage differentials and the various rationales for why CEO pay has exploded in the US. I think readers will enjoy this interview.
Update 4:00 AM: INET appears to be having server problems. I’ve alerted my contact there. The embed code is not working right now and I can’t access the video directly either. I hope you will be patient and check back during the business day US time. This session is worth the trouble.