Protecting jobs or protecting rents? Back-of-the-envelope arithmetic on Egypt's car industry

Article Abstract:

The applicability of the infant-industry argument to Egypt's passenger car industry is analyzed. This argument holds that new local producers need to be protected from international protection until they can grow, achieve economies of scale and create new jobs. A partial-equilibrium, first-order analysis of the protected Egyptian car industry indicates that Egyptian consumers may be overpaying for the jobs created by the local carmakers. This finding suggests that workers and consumers would benefit more from the abolition of import tariffs and provision of compensatory grants to workers.

Motor vehicles and car bodies, Automobiles, Automobile Manufacturing, Restraint of Trade, Economic policy, Egypt, Automobile industry, Protectionism

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An essay on economic efficiency and core labour standards

Article Abstract:

Research has shown that labor standards prohibiting forced labor and discrimination results in neutral to positive efficiency effects regardless of the developmental level of the economy. The collective-bargaining and freedom-of-association rights, meanwhile, have no theoretical effects on efficiency regardless of developmental levels. On the other hand, a standard related to child exploitation in employment shows that the development of the economy plays a vital role in effecting a policy that will deal with exploitation of children.

Research, Economic aspects, Labor relations, Labor economics

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Labour standards and trade flows of OECD countries

Article Abstract:

An index was constructed by the Organization of Economic Development and Cooperation in order to account for the deviation in the quality of labor standards across member nations. The index was applied to find out if the differences in standards significantly affect international trade among countries. Results do not show any substantial effects of the strictness of labor standards on trade of labor-intensive goods.

Standards, Organization for Economic Cooperation and Development, Production standards, Quality of work life

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