Structural unemployment - reason for protection, Managerial Economics

Structural Unemployment

The decline of the highly localized industry due to international trade causes great problems of regional (structural) unemployment.  If it would take a long time to re-locate the labour to other jobs, then this can put the government, under considerable political and humanitarian pressure, to restrict the imports that are causing the industry to decline.

Posted Date: 11/30/2012 4:57:54 AM | Location : United States

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