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Author: Noritsugu Nakanishi Publisher: World Scientific ISBN: 9813274409 Category : Business & Economics Languages : en Pages : 288
This textbook aims to explain the principles in international trade theory and show how some useful trade models work. The book concentrates on two fundamental issues in international trade, that is, the 'determinants of trade patterns' and the 'welfare gains from trade' in various economic environments. Chapters 1 through 3 assume perfect competition and explore the workings of the Ricardian model, the Heckscher-Ohlin-Samuelson model, the Specific Factors model and more recent development of the Eaton-Kortum model. Chapter 4 examines various welfare criteria and their relation to the 'social utility function' and, then, proves the basic gains-from-trade proposition. Chapters 5 and 6 examine the implications of imperfect competition using a unified oligopolistic model and variations of the monopolistically competitive model. The roles of the strategic interaction among firms, the economies of scale, product differentiation, the heterogeneity of firms, and the geographic distribution of agents will be highlighted. Chapter 7 deals with some trade policy issues such as the effects of tariffs, the relation of tariffs to other policy measures, and the so-called strategic trade policies.
Author: Pamela J. Smith Publisher: John Wiley & Sons ISBN: 1118357701 Category : Political Science Languages : en Pages : 376
Using a unique, question-based format, Global TradePolicy offers accessible coverage of the key questions in tradeand policy; it charts the changing policy landscape and evolvinginstitutional arrangements for trade policies, examines tradetheory, and provides students with an economic framework to betterunderstand the current issues in national and international tradepolicy. Uses a unique, question-based format to explore the questionsand current debates in international trade policy and theirimplications Explores trade theory to help guide discussions of tradepolicy, including traditional theories of inter-industry trade, aswell as newer theories of intra-industry and intra-firm trade Examines the national and international effects of widely usedpolicies designed to directly and indirectly affect trade, andconsiders the evolving institutional arrangements for these Charts the changing policy landscape from traditional tradepolicies – such as tariffs, quantitative restrictions, andexport subsidies – to those including intellectual propertyrights, labor, the environment, and growth and developmentpolicies Covers national as well as global perspectives and theirinteraction, helping to explain opposing views on trade policy andliberalization Includes applied exercises enabling students to exploreopen-ended and realistic questions of policy debate, making itideal for classroom use; an instructor’s manual and a rangeof other resources are available at ahref="http://www.wiley.com/go/globaltradepolicy"www.wiley.com/go/globaltradepolicy/a
Author: Giancarlo Gandolfo Publisher: Springer Science & Business Media ISBN: 3642373143 Category : Business & Economics Languages : en Pages : 663
In the present text the author deals with both conventional and new approaches to trade theory and policy, treating all important research topics in international economics and clarifying their mathematical intricacies. The textbook is intended for undergraduates, graduates and researchers alike. It addresses undergraduate students with extremely clear language and illustrations, making even the most complex trade models accessible. In the appendices, graduate students and researchers will find self-contained treatments in mathematical terms. The new edition has been thoroughly revised and updated to reflect the latest research on international trade.
Author: Bill Dunn Publisher: Edward Elgar Publishing ISBN: 178347193X Category : Political Science Languages : en Pages : 256
This book challenges both sides of the debate around international trade. Most mainstream economists advocate free trade as a mainstay of national and global prosperity. Meanwhile, many critics see trade causing inequality and poverty. Unfortunately, s
Author: Paul R. Krugman Publisher: Pearson ISBN: 0133425924 Category : Political Science Languages : en Pages : 336
For courses in International Trade A balanced approach to theory and policy applications International Trade: Theory and Policy provides engaging, balanced coverage of the key concepts and practical applications of the discipline. An intuitive introduction to international trade theory is followed by detailed coverage of policy applications. With this new tenth edition, the author team of Nobel Prize-winning economist Paul Krugman, renowned researcher Maurice Obstfeld, and Marc Melitz of Harvard University continues to set the standard for International Trade courses. This program provides a better teaching and learning experience–for you and your students. It will help you to: • Personalize learning with MyEconLab: This online homework, tutorial, and assessment program fosters learning and provides tools that help instructors to keep students on track. • Reveal theory and applications of international trade: Balanced coverage of theory and applications aids student retention and highlights the relevance of course material. • Give students learning tools to master course material: Numerous in-text learning resources engage students and encourage further exploration of course topics. • Provide the most updated coverage: Thoroughly updated content ensures that students are up to date on key issues. Note: If you are purchasing the standalone text or electronic version, MyEconLab does not come automatically packaged with the text. To purchase MyEconLab please visit www.myeconlab.com or you can purchase a package of the physical text + MyEconLab by searching for 0133827046 / 9780133827040. MyEconLab is not a self-paced technology and should only be purchased when required by an instructor.
Author: Wilfred J Ethier Publisher: World Scientific ISBN: 9814590339 Category : Business & Economics Languages : en Pages : 472
In The Floating World, Emeritus Professor of Economics Wilfred Ethier collates 22 papers that delve deep into the study on International Trade Theory. These papers are grouped into six distinct sections. Each covers an overarching research program in trade theory — Factor-Endowments Theory, Economies of Scale, International Factor Markets, Regional Integration, the Political Economy of Trade Policy, and Administered Protection. An additional section for important papers outside of those programs is also included. With papers originally written in the 1970s all the way up to recent times, Ethier provides contemporary commentary for each section, referring to further sources, candid accounts on the state of international trade theory at the time and how each paper contributed to further improvements of their respective research program. Contents:Factor-Endowments TheoryEconomies of ScaleInternational Factor MarketsRegional IntegrationThe Political Economy of Trade PolicyAdministered ProtectionSome Topics in Trade Theory Readership: Undergraduate and postgraduate students in International Trade Theory and Economics, and interested members of the general public. Key Features:Written in a candid manner suitable for the general public and for introductory courses on International Trade TheoryAlso includes recommendations of further reading material beyond the volumeKeywords:International Trade;Scale Economies;Factor Endowments;Political Economy of Trade Policy;Economic Integration
Author: Miltiades Chacholiades Publisher: Routledge ISBN: 1351475681 Category : Business & Economics Languages : en Pages : 417
There has long been a need for a systematic introduction to the modern pure theory of international trade that would take the student through a careful introduction to the tools of analysis and the main logical propositions into the application of the theory to practical problems of international economic policy. Trade theory should be part and parcel of price theory, distinguished only by the fact that other countries form part of the natural opportunities--and natural constraints--that a country confronts in its efforts to bend nature to its desire to produce utility-yielding goods and services; but its exposition is often confused by the attachment of its expositors to obsolete problems and backward analytical techniques. This book covers in detail classical, neoclassical, and modern theories of international trade, with special attention to problems of equilibrium, growth, and welfare, and discusses the work of all major contributors in this field from Ricardo and Mill through Meade, Heckscher, and Ohlin, to the growth models of Johnson, Solow, and Uzawa. All problems are clearly stated and the easiest and most convenient solutions are sought in each case, with the more technical topics in the field discussed in several chapters and appendixes that may be omitted for less advanced students without interrupting the continuity of the book. The book's coverage is complete and entirely up-to-date. It is written primarily for advanced undergraduate and graduate courses in international trade, but it will also serve as an important reference tool for professional economists working in this field and will be of considerable interest to students and practitioners dealing with problems of economic development and international business relationships more generally.
Author: Robert E. Baldwin Publisher: University of Chicago Press ISBN: 0226036510 Category : Business & Economics Languages : en Pages : 390
Interest in U.S. trade policy has been stimulated in recent years by the massive American trade deficit, by the belief that intervention by foreign governments in international markets has given other countries a competitive edge over the United States, and by concern about the increase in protectionism among industrial countries. In turn, major analytical developments in international economics have revolutionized trade theory, broadening its scope both by introducing in a more formal manner such concepts as imperfect competition, increasing returns, product differentiation, and learning effects and by including the study of political and economic factors that shape trade policy decisions. This collection of papers—the result of a conference held by the NBER—applies these "new" trade theories to existing world cases and also presents complementary empirical studies that are grounded in more traditional trade theories. The volume is divided into four parts. The papers in part 1 consider the problem of imperfect competition, empirically assessing the economic effect of various trade policies introduced in industries in which the "new" trade theory seems to apply. Those in part 2 isolate the effects of protection from the influences of the many economic changes that accompany actual periods of protection and also examine how the effects from exogenous changes in economic conditions vary with the form of protection. Part 3 provides new empirical evidence on the effect of foreign production by a country's firms on the home country's exports. Finally, in part 4, two key bilateral issues are analyzed: recent U.S.-Japanese trade tensions and the incident involving the threat of the imposition of countervailing duties by the United States on Canadian softwood lumber.