Trade Policy and Economic Welfare
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Product details:
- Edition number 2
- Publisher Clarendon Press
- Date of Publication 20 February 1997
- ISBN 9780198775348
- Binding Paperback
- No. of pages318 pages
- Size 234x156x18 mm
- Weight 480 g
- Language English
- Illustrations line figures 0
Categories
Short description:
The second edition of this classic text on international economics has been substantially revised and updated to take account of the considerable activity in this field over the last two decades. Three new chapters discuss trade policy and the environment, stategic trade policy, and trade policy and the exchange rate; and the many arguments for protection are analysed in detail.
MoreLong description:
The second edition of this classic text on international economics includes three completely new chapters on the environment and trade policy, strategic trade policy, and the relationship between trade policy and the exchange rate. The first edition introduced a number of ideas into policy circles; the new edition has been shortened and substantially revised to point up the themes that have subsequently become prominent in discussions of free trade and protection.
Trade Policy and Economic Welfare expounds the normative theory of trade policy. It includes discussion of static and dynamic arguments for protection; effects of trade policy on income distribution, monopoly, X-efficieny, foreign investment and capital accumulation; protection of advanced-technology industries; the choice between tariffs and subsidies as methods of protection.
The chapters are self-contained to allow flexible use of the book in teaching undergraduate courses on international trade and the economics of developing countries.
There is a clear-cut difference between policy advocacy by 'economic intellectualism' and 'bandwagon politics'. This remarkable book written by one of the leading international trade theorists belongs to the previous category.
