The People is Always Right.

      Аннотация: People make many choices and some maybe looking nicer than they are in reality; consequences may not be what they were intended when everything got started. The theory of comparative advantages elaborated by David Riccardo, now 200 years old postulates the advantages of free trade. However according to a piece of sometimes ignored economic theory (i.e.: the Stolper-Samuelson theorem,1941) this may not be always the truth, especially if actors of the trade flows are not equal. This book is about the competition between non-equals in a an area of unprecedented economic integration (i.e.: the European Union) and some of its unintended consequences, especially for the minor actors represented by the economies of Central and Eastern Europe. The author argues that unless something is done to revert the course of persistent internal devaluation policies in the core area of the Union then, these smaller economies are condemned to a position of periphery which will bled them dry of their most precious resource: skilled labor!

Ключевые слова: comparative advantages, Division of Labor, economics of transition, Employment, European economy, Factors of Production, labor economics, Prices, Productivity, trade flows, wages, gravity models in the economy, the Stolper Samuelson theorem, the economic of Central Europe, the price of the labor factor, price indexes, composite indexes