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If they did not, firms in country A would indeed become uncompetitive with otherwise similar firms in country B. So lower relative wages will be the economic consequence for country A. But is this undesirable?
"If you're going to step straight into business meetings that have significant economic consequence for the people of our state," Mr Sanford explained, "you need to have gotten some level of sleep the night before".
The economic consequence for many individual federal workers and families could be quite serious.
Similar(57)
The attack had serious economic consequences for consumer spending and airline travel.
The political and economic consequences for other European countries would be severe.
That has serious economic consequences for the state and for the students.
Sprawling development may also have economic consequences, for instance for social mobility.
Regulatory studies document primarily economic consequences for individual firms in a market or an economy.
An infected vineyard can have severe economic consequences for grape production.
Ebola is having catastrophic economic consequences for Sierra Leone, where the disease is running rampant.
Trump said he did not believe climate change would have economic consequences for the US.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com