Rethinking International Trade

Overview

Over the past decade a small group of economists has challenged traditional wisdom about international trade. Rethinking International Trade provides a coherent account of this research program and traces the key steps in an exciting new trade theory that offers, among other possibilities, new arguments against free trade.Krugman's introduction is a valuable guide to research that has delved anew into the causes of international trade and reopened basic questions about the international pattern of specialization,...

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Overview

Over the past decade a small group of economists has challenged traditional wisdom about international trade. Rethinking International Trade provides a coherent account of this research program and traces the key steps in an exciting new trade theory that offers, among other possibilities, new arguments against free trade.Krugman's introduction is a valuable guide to research that has delved anew into the causes of international trade and reopened basic questions about the international pattern of specialization, the effects of protectionism, and what constitutes an optimal trade policy. In the four sections that follow, he takes a revisionary look at the causes of international trade, and discusses growth and the role of history, technological change and trade, and strategic trade policy.

Covers new and revisionary theories of the causes of international trade along with basic questions about the effects of protectionism.

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What People Are Saying

From the Publisher
"Paul Krugman is probably the most innovative and influentialinternational trade theorist of the 1980s. This collection of hispapers establishes him as the youngest elder statesman in thisarea." Avinash Dixit , Princeton University
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Product Details

  • ISBN-13: 9780262610957
  • Publisher: MIT Press
  • Publication date: 3/29/1994
  • Edition description: Reprint
  • Edition number: 1
  • Pages: 293
  • Product dimensions: 6.00 (w) x 9.00 (h) x 0.75 (d)

Meet the Author

Paul Krugman

Paul Krugman is Professor of Economics and International Affairs at Princeton University and aNew York Times columnist. He was awarded the Nobel Prize for Economics in2008.

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Table of Contents

Preface
Introduction 1
1 Increasing Returns, Monopolistic Competition, and International Trade 11
2 Scale Economies, Product Differentiation, and the Pattern of Trade 22
3 Intraindustry Specialization and the Gains from Trade 38
4 A "Reciprocal Dumping" Model of International Trade 53
5 Increasing Returns and the Theory of International Trade 63
6 Trade, Accumulation, and Uneven Development 93
7 The Narrow Moving Band, the Dutch Disease, and the Competitive Consequences of Mrs. Thatcher: Notes on Trade in the Presence of Scale Dynamic Economies 106
8 Vehicle Currencies and the Structure of International Exchange 121
9 A Model of Innovation, Technology Transfer, and the World Distribution of Income 139
10 A "Technology Gap" Model of International Trade 152
11 Endogenous Innovation, International Trade, and Growth 165
12 Import Protection as Export Promotion: International Competition in the Presence of Oligopoly and Economies of Scale 185
13 Marked Access and Competition: A Simulation Study of 16K Random Access Memories 199
14 Industrial Organization and International Trade 226
References 269
Index 279
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