Rethinking International Trade

Front Cover
MIT Press, 1994 - Business & Economics - 282 pages

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.

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.

 

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Contents

Increasing Returns Monopolistic Competition and International
11
Scale Economies Product Differentiation and the Pattern
22
Intraindustry Specialization and the Gains from Trade
38
A Reciprocal Dumping Model of International Trade with James
53
Increasing Returns and the Theory of International Trade
63
Trade Accumulation and Uneven Development
93
The Narrow Moving Band the Dutch Disease and the Competitive
106
Vehicle Currencies and the Structure of International
121
A Technology Gap Model of International Trade
152
Endogenous Innovation International Trade and Growth
165
International Competition
185
A Simulation Study of
199
Industrial Organization and International Trade
226
References
269
Index
279
Copyright

A Model of Innovation Technology Transfer and the World
139

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About the author (1994)

Paul Krugman was born on February 28, 1953. He received a B.S. in economics from Yale University in 1974 and a Ph.D from MIT in 1977. From 1982 to 1983, he worked at the Reagan White House as a member of the Council of Economic Advisers. He taught at numerous universities including Yale University, MIT, UC Berkeley, the London School of Economics, and Stanford University before becoming a professor of economics and international affairs at Princeton University in 2000. He has written over 200 scholarly papers and 20 books including Peddling Prosperity; International Economics: Theory and Policy; The Great Unraveling; and The Conscience of a Liberal. Since 2000, he has written a twice-weekly column for The New York Times. He received the 1991 John Bates Clark Medal and the 2008 Nobel Memorial Prize in Economic Sciences. His title End This Depression Now! made The New York Times Best Seller List for 2012.

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