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Global trade and conflicting national interests

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Ralph Gomory and William Baumol adapt classical trade models to the modern world economy.In this book Ralph Gomory and William Baumol adapt classical trade models to the modern world economy. Trade today is dominated by manufactured goods, rapidly moving technology, and huge firms that benefit from economies of scale. This is very different from the largely agricultural world in which the classical theories originated. Gomory and Baumol show that the new and significant conflicts resulting from international trade are inherent in modern economies.Today improvement in one country's productive capabilities is often attainable only at the expense of another country's general welfare. The authors describe why and when this is so and why, in a modern free-trade environment, a country might have a vital stake in the competitive strength of its industries.OCLC-licensed vendor bibliographic record.

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Detail Information

Series Title

Lionel Robbins Lectures

Call Number

380 GOM g

Publisher

Cambridge, Mass. : : MIT Press,., 2000.

Collation

1 online resource (xvi, 199 pages) :illustrations.

Language

English

ISBN/ISSN

9780262274050

Classification

380

Content Type

text

Media Type

computer

Carrier Type

online resource

Edition

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Subject(s)

Free trade.
International trade.
Protectionism.

Specific Detail Info

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Statement of Responsibility

Ralph E. Gomory and William J. Baumol ; with a contribution by Edward N. Wolff.

Other Information

Cataloger

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Source

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Validator

maya

Digital Object Identifier (DOI)

https://doi.org/10.7551/mitpress/3306.001.0001

Journal Volume

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Journal Issue

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