Appropriation, Property Rights Institutions, and International Trade
研究发现,在生产者友好型经济中,国际贸易会改善产权制度并促使人才从侵占转向生产;而在掠夺者友好型经济中,贸易反而导致制度恶化和人才配置恶化。
In producer-friendly economies—economies that are ruled by productive agents and have strong property rights institutions—international trade causes an institutional improvement and an aggregate shift of talent towards production, and away from socially wasteful appropriation. However, in predator-friendly economies—economies that are ruled by rent seekers and have weak institutions—international trade leads to an institutional deterioration, and a more unfavorable talent allocation.