Trade Policy and Economic Welfare
The second edition of this classic text on international economics has been substantially revised and updated to take account of the considerable activity in this field over the last two decades. Three new chapters discuss trade policy and the environment, strategic trade policy, and tradepolicy and the exchange rate. Corden also analyzes in detail the many arguments for protection.
What people are saying - Write a review
We haven't found any reviews in the usual places.
The Theory of Domestic Divergences
The Four Assumptions of the Theory
45 other sections not shown
Other editions - View all
actual agriculture allow Alternatively analysis apply approach argument assumed assumption average balance benefits by-product capital cent Chapter concerned consumers consumption cost created curve demand demand curve desired developed discussion distortion divergence domestic Economic effects efficiency elasticity employment equal equilibrium exchange export tax external factor fall Figure finance firms first-best follows foreign foreign capital free trade gain given growth hence higher imports imposed income distribution increase industry inputs interest International intervention investment labour lead less loss lower manufacturing marginal marginal cost marginal product monopoly obtain optimal optimum tariff orthodox output particular payments perhaps possible problem production profits protection raise real income reasons reduce relative relevant restrictions result revenue rise savings second-best sector simple social structure subsidy supply curve terms of trade theory trade taxes various wage welfare