Lectures on International Trade - ISBN: 0262024438


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		"After being Turned Down by numerous Publishers, he had decided to write for Posterity." - George Ade (1866 - 1944), 'Fables in Slang', 1899

	Lectures on International Trade
	by Jagdish N. Bhagwati, Arvind Panagariya, T.N. Srinivasan, T. N. Srinivasan

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Product Details

Format: Textbook Hardcover, 2nd ed., 6

Publisher: MIT Press

ISBN: 0262024438

Release Date: Jan 1, 1999

In Brief
The greatest strength of this thoroughly revised and expanded edition of Lectures on International Trade is its rigorous algebraic and geometric treatment of the various models and results of trade theory. The authors, who now include Arvind Panagariya, offer both policy insights and empirical applications. They have added nine entirely new chapters as well as new sections to several existing chapters (e.g., a greatly expanded treatment of the growing theory of preferential trade agreements). The new chapters are on:

the specific-factors model
the "higher-dimensional" trade theory and empirical verification of the Heckscher-Ohlin-Vanek theory
duality in trade theory
algebra of the Heckscher-Ohlin and specific-factors models
the theories of international trade in the presence of scale economies
nontariff instruments of trade policy, chiefly AD, VERs, and VIEs
trade policy under oligopoly and monopolistic competition
trade policy reform
application of the new literature on endogenous growth to trade theory and policy

Annotation
This edition not available in the U.S. and Canada.

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	Preface to the Second Edition
1	Introduction	1
I	Theories of International Trade	7
2	Model and Analytic Relationships in Recardian Theory	9
3	Ricardian Theory and the Pattern of Trade	29
4	Some Extensions of Ricardian Theory	35
5	Model and Analytic Relationships under the Heckscher-Ohlin Theory	53
6	Pattern of Trade and the Heckscher-Ohlin Theory	79
7	Specific-Factors Model	91
8	Generalizations and Empirical Verification of the Heckscher-Ohlin Theory	107
9	Dual Approach: Basic Tools	131
10	Mathematical Analysis of the 2 x 2 and 2 x 3 Models	143
11	Economies of Scale	163
II	Trade Interventions and Transfers	201
12	Tariffs and Trade Equilibrium	203
13	Tariffs versus Quotas	221
14	Other Commercial Policy Instruments	229
15	Effective Rate of Protection	239
16	Transfer Problem	247
III	Trade and Welfare in an Open Economy	255
17	Principal Issues and Policy Instruments	257
18	Gains from Trade	265
19	Measuring Gains from Trade	281
20	Distortions: Departures from Free-Trade Optimality	285
21	Monopoly Power in Trade	289
22	Production Externalities	301
23	Monopoly in Production	309
24	Monopsony	313
25	Wage Differentials	323
26	Generalized Sticky Wages	331
27	Sector-Specific Sticky Wages	343
28	Noneconomic Objectives	351
29	Immiserizing Growth	369
30	Imperfect Competition and Trade Policy	381
31	Uniform versus Preferential Tariff Reduction	421
32	International Capital Flows	455
33	International Migration	467
IV	Recent Theoretical Developments	473
34	Directly Unproductive Profit-Seeking (DUP) Activities	475
35	Trade Reform	497
36	Growth and Welfare	517
37	Endogenous Growth, Innovation, and Trade	527
38	Shadow Prices for Project Selection in Open Economies	541
39	Uncertainty	549
App. A	Alternative Elasticity Formulas	565
App. B	Basic Results of the 2 x 2 Neoclassical Model of Trade Theory	569
App. C	Classical Comparative-Statics Model and Analytical Relationships	583
	Index	595

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