Explain with deep analysis; 1a. There is no consensus among economists about the impact of trade on wages. Recent resear

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answerhappygod
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Explain with deep analysis; 1a. There is no consensus among economists about the impact of trade on wages. Recent resear

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Explain with deep analysis;
1a. There is no consensus among economists about the impact oftrade on wages. Recent research seems to point toward thepossibility trade plays some role in the pattern of wage stagnationand the decline of recent years, but it is uncertain if its role isdirect or indirect, or if it is large or small. Explain thecontroversies surrounding the impact of international trade onwages and jobs.
1b. Economies of scale are important determinants of tradepatterns because they form a separate basis for trade that is inaddition to comparative advantage-based trade. Explain the meaningand the importance of economies of scale for promoting trade andhelping countries obtain comparative advantage. Now, in case ofBahrain, explain what the opportunities and challenges are facingthe country in promoting trade via economies of scale.
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