@article{83446,
  author = {Helen V. Milner and Nita Rudra},
  title = {Globalization and the Political Benefits of the Informal Economy},
  abstract = {<p>Does global market integration help or hinder government efforts to improve the livelihoods of the world{\textquoteright}s poorest citizens? Standard trade theories\&nbsp;suggest that government interventions become less imperative as developing countries liberalize. This is because labor in developing economies is abundant and cheap; export products that utilize this factor of production will employ large populations of low-skilled workers who will experience increases in the purchasing power of their wage income. Consumption increases, and the country as a whole is better off. For several decades now, developing economies have embraced this rationale for free trade and its welfare-enhancing effects on the majority.</p>
},
  year = {2015},
  journal = {International Studies Review},
  volume = {17},
  pages = {664-669},
  month = {12/2015},
  url = {https://academic.oup.com/isr/article/17/4/664/1818879},
  doi = {10.1111/misr.12268},
  language = {eng},
}