Globalization and the Theory of Input Trade

Globalization and the Theory of Input Trade
Author: Ronald Winthrop Jones
Publisher: MIT Press
Total Pages: 204
Release: 2000
Genre: Business & Economics
ISBN: 9780262100861

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.

Floating World, The: Issues In International Trade Theory

Floating World, The: Issues In International Trade Theory
Author: Wilfred J Ethier
Publisher: World Scientific
Total Pages: 472
Release: 2014-05-21
Genre: Business & Economics
ISBN: 9814590339

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.

Armington Elasticities in Intermediate Inputs Trade

Armington Elasticities in Intermediate Inputs Trade
Author: Mika Saito
Publisher: International Monetary Fund
Total Pages: 40
Release: 2004-02-01
Genre: Business & Economics
ISBN: 1451921381

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.

Why Globalization Works

Why Globalization Works
Author: Martin Wolf
Publisher: Yale University Press
Total Pages: 636
Release: 2005-06-10
Genre: Business & Economics
ISBN: 0300251734

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.

Bertil Ohlin

Bertil Ohlin
Author: Ronald Findlay
Publisher: MIT Press
Total Pages: 586
Release: 2002
Genre: Biography & Autobiography
ISBN: 9780262062282

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.

Development Dilemmas

Development Dilemmas
Author: Melvin D. Ayogu
Publisher: Psychology Press
Total Pages: 290
Release: 2005
Genre: Developing countries
ISBN: 9780415331050

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.

Comparative Advantage, Growth, and the Gains from Trade and Globalization

Comparative Advantage, Growth, and the Gains from Trade and Globalization
Author: Robert M. Stern
Publisher: World Scientific
Total Pages: 716
Release: 2011
Genre: Business & Economics
ISBN: 9814340375

Alan Deardorff was 65 years old on June 6, 2009. To celebrate this occasion, a Festschrift in his honor was held on October 2OCo3, 2009, in the Rackham Amphitheater at the University of Michigan in Ann Arbor. The Festschrift was entitled OC Comparative Advantage, Economic Growth, and the Gains from Trade and Globalization: A Festschrift in Honor of Alan V Deardorff.OCO It was co-organized by two of Professor Deardorff''s former students, Drusilla Brown of Tufts University and Robert Staiger of Stanford University, together with Robert Stern representing the University of Michigan. The first day of the Festschrift involved a series of panels in which invited participants reflected on Professor Deardorff''s contributions, including his writings on: comparative advantage; trade and growth; the gains from trade and globalization; and computational modeling and trade policy analysis. The panel participants prepared written comments, setting out their evaluation of Professor Deardorff''s contributions combined with their own thoughts on the current state of knowledge and analysis of the particular topic. At the end of the first day, Paul Krugman of Princeton University and The New York Times delivered a Citigroup Foundation Special Lecture entitled OC Reflections on Globalization: Yesteryear and Today.OCO All of these papers and Krugman''s lecture are contained in the volume."

Macroeconomics and the History of Economic Thought

Macroeconomics and the History of Economic Thought
Author: H.M. Krämer
Publisher: Routledge
Total Pages: 558
Release: 2012-03-29
Genre: Business & Economics
ISBN: 1136329129

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.

Valuing Services in Trade

Valuing Services in Trade
Author: Sebastian Saez
Publisher: World Bank Publications
Total Pages: 171
Release: 2015-01-15
Genre: Business & Economics
ISBN: 1464801568

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.