Selected New Developments in International Trade Theory

Description

40 pages
Contains Illustrations, Bibliography
$7.00
ISBN 0-88645-010-1

Year

1984

Contributor

Reviewed by J.V. Rahilly

J.V. Rahilly was an engineering librarian in Ontario.

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 April 23, 2024, https://cbra.library.utoronto.ca/items/show/37762.