Ronald Jones suggests how the basic core of real trade theory can be modified to take into account the increased international mobility of inputs and productive factors. As trade liberalization and the fragmentation of production processes promote greater international exchange of inputs, economists must adjust their thinking on trade issues. Transport costs have plummeted, and the difficulties of communicating between locales half a world apart have practically vanished. In this book Ronald Jones suggests how the basic core of real trade theory can be modified to take into account the increased international mobility of inputs and productive factors. He emphasizes the role of country "hinterlands" and how it is related to agglomeration effects in determining the location of economic activity. After discussing the positive aspects of enhanced mobility for output patterns and market prices, Jones evaluates the significance of globalization for governmental trade policies and public attitudes about regional alliances.

Provides theoretical and applied contributions connected by the methodological approach to the use of general equilibrium model.

In The Floating World, Emeritus Professor of Economics Wilfred Ethier collates 22 papers that delve deep into the study on International Trade Theory. These papers are grouped into six distinct sections. Each covers an overarching research program in trade theory — Factor-Endowments Theory, Economies of Scale, International Factor Markets, Regional Integration, the Political Economy of Trade Policy, and Administered Protection. An additional section for important papers outside of those programs is also included. With papers originally written in the 1970s all the way up to recent times, Ethier provides contemporary commentary for each section, referring to further sources, candid accounts on the state of international trade theory at the time and how each paper contributed to further improvements of their respective research program.

This paper finds that the estimates of Armington elasticities (the elasticity of substitution between groups of products identified by country of origin) obtained from multilateral trade data can differ from those obtained from bilateral trade data. In particular, the former tends to be higher than the latter when trade consists largely of intermediate inputs. Given that the variety of intermediate inputs traded across borders is increasing rapidly, and that the effect of this increase is not adequately captured in multilateral trade data, the evidence shows that the use of multilateral trade data to estimate Armington elasticities needs caution.

A powerful case for the global market economy The debate on globalization has reached a level of intensity that inhibits comprehension and obscures the issues. In this book a highly distinguished international economist scrupulously explains how globalization works as a concept and how it operates in reality. Martin Wolf confronts the charges against globalization, delivers a devastating critique of each, and offers a realistic scenario for economic internationalism in the future. Wolf begins by outlining the history of the global economy in the twentieth century and explaining the mechanics of world trade. He dissects the agenda of globalization’s critics, and rebuts the arguments that it undermines sovereignty, weakens democracy, intensifies inequality, privileges the multinational corporation, and devastates the environment. The author persuasively defends the principles of international economic integration, arguing that the biggest obstacle to global economic progress has been the failure not of the market but of politics and government, in rich countries as well as poor. He examines the threat that terrorism poses and maps the way to a global market economy that can work for everyone.

Globalization has pushed China and India to the centre of the stage but what has been the impact on workers in these countries? This book demonstrates the complexity of the processes and responses at play. There are signs that both states are shifting their role in a 'counter movement from above'. But will this be enough to quell the social unrest?

The new economy is characterized in the developing world by open capital markets and coordinated international regulation - neither of which existed in the colonial period.

Bertil Ohlin, international trade theorist, winner of the 1977 Nobel Prize in Economics, and leader of the Swedish Liberal Party for more than twenty years, is considered to be the major single influence on the development of international economics in the twentieth century. This volume, celebrating the centennial of Ohlin's birth, examines his life and his influence on modern economic thought. It also contains the first English translation of his licentiate thesis, in which he first set out his theory of international trade.

The essays in this Festschrift have been chosen to honour Harald Hagemann and his scientific work. They reflect his main contributions to economic research and his major fields of interest. The essays in the first part deal with various aspects within the history of economic thought. The second part is about the current state of macroeconomics. The essays in the third part of the book cover topics on economic growth and structural dynamics.

This Toolkit provides a framework, guidelines, and set of practical tools to conduct an analysis and diagnostic of trade competitiveness in the services sector and to identify both the main constraints to improved competitiveness and the appropriate policy responses.