Trade jobs and wages 1. Introduction 2. Factors shaping Singapores wages and unemployment 3. The Ricardian model with an endogenous natural rate 4. The Heckscher Ohlin model with an endogenous natural rate 5. International product market competition jobs and wages 6. Scale economies jobs and wages 7. Trade high wage jobs and the wage gap 8. International trade and wage inequality : the role of economies of scale and relative factor endowments 9. Wealth labour force participation and trade 10. Trade growth and unemployment in Ricardos essay on profits model 11. A synthesis The worlds increasing integration through trade and the persistence of high unemployment in Europe and other areas of the world highlight the need to understand the implications of free trade for unemployment. Trade Jobs and Wages analyses how employment levels and real wages are affected by international trade. Popular trade theory disregards the impact of free trade on the rate of unemployment since it assumes full employment at the outset. By focusing on the determinants of the natural rate of unemployment Professor Hoon places an emphasis on real as opposed to monetary factors in accounting for long term trends in wages and unemployment