Understanding Global Trade
The book Understanding Global Trade provides a thorough explanation of what shapes the international organization of production and distribution and the resulting trade flows. It reviews the evolution of knowledge in this field from Adam Smith to today as a process of theoretical modeling, accumulation of new empirical data, and then revision of analytical frameworks in response to evidence and changing circumstances.
2011
The book Understanding Global Trade provides a thorough explanation of what shapes the international organization of production and distribution and the resulting trade flows. It reviews the evolution of knowledge in this field from Adam Smith to today as a process of theoretical modeling, accumulation of new empirical data, and then revision of analytical frameworks in response to evidence and changing circumstances. It explains the sources of comparative advantage and how they lead countries to specialize in making products which they then sell to other countries. While foreign trade contributes to the overall welfare of a nation, it also creates winners and losers, and Helpman describes mechanisms through which trade affects a country's income distribution.
The contents of the book include 7 chapters:
+ Chapter 1. Introduction
+ Chapter 2: Comparative Advantage
+ Chapter 3. Gainers and Losers
+ Chapter 4. Scale and Scope
+ Chapter 5. Across Firms within Industries
+ Chapter 7. Epilogue
Elhanan Helpman. Understanding Global Trade. Belknap Press, 2011.
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| Management Control Systems | Principles of Economics (8th) |
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