Why Haven't Global Markets Reduced Inequality in Emerging Economies?
比较优势理论预测全球化会降低新兴经济体的不平等，但当前全球化并未如此。本文与Michael Kremer合作提出替代理论，以解释近期历史。
The theory of comparative advantage predicts that globalization should cause inequality in emerging economies to fall. However, this has not been true of the current globalization (even though the prediction held up well for previous such episodes). In this paper, I sketch an alternative theory—developed in collaboration with Michael Kremer—that seems to fit recent history well.