International Factor Movements Custom Essay

: International Factor Movements International Factor Movements Name Affiliation 28 March 2011 Contents TOC o “1-3? h z u It leads to a convergence of real wage rates.. PAGEREF _Toc289088483 h 3It increases the world’s output as a whole. PAGEREF _Toc289088484 h 3Despite this gain, some people are hurt by the change. PAGEREF _Toc289088485 h 4 It leads to a convergence of real wage rates. Real wages rise in Home,fall in Foreign. The three points as stated in the explanation refer to the fact that in countries which participate in international movements, labor moves to foreign countries where there is higher income till the wage rate equal