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Global Trade and Conflicting National Interests (Lionel Robbins Lectures) PDF

216 Pages·2001·0.767 MB·English
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by Ralph E. Gomory, William J. Baumol| 2001| 216 pages| 0.767| English

About Global Trade and Conflicting National Interests (Lionel Robbins Lectures)

In this book Ralph Gomory and William Baumol adapt classical trade models to the modern world economy. Trade today is dominated by manufactured goods, rapidly moving technology, and huge firms that benefit from economies of scale. This is very different from the largely agricultural world in which the classical theories originated. Gomory and Baumol show that the new and significant conflicts resulting from international trade are inherent in modern economies.Today improvement in one country's productive capabilities is often attainable only at the expense of another country's general welfare. The authors describe why and when this is so and why, in a modern free-trade environment, a country might have a vital stake in the competitive strength of its industries.

Detailed Information

Author:Ralph E. Gomory, William J. Baumol
Publication Year:2001
ISBN:9781423737797
Pages:216
Language:English
File Size:0.767
Format:PDF
Price:FREE
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