Selected New Developments in International Trade Theory
Description
40 pages
Contains Illustrations, Bibliography
$7.00
ISBN 0-88645-010-1
Contains Illustrations, Bibliography
$7.00
ISBN 0-88645-010-1
Author
Year
1984
Review
This short review covers new theories of international trade, mainly based on the Cambridge Economic Policy Group’s model. It deals with economies of scale, product differentiation, and foreign protection. The inevitable conclusion is that trade liberalization benefits appear to be larger than was originally thought, particularly in such a large and self-defensive country as Canada (for example, protectionism wastes resources in transporting goods within Canada, especially from coast to coast, and tariffs become acrimonious to foreign countries that can deliver a clout to our markets).
Citation
Wonnacott, R.J., “Selected New Developments in International Trade Theory,” Canadian Book Review Annual Online, accessed November 10, 2024, https://cbra.library.utoronto.ca/items/show/37762.