Generally, the primary goal of international policy cooperation is to prevent nations from pursuing mutually harmful policies. This paper states this imperative more precisely. Assuming that the primary goal of national economic policy is to internalise externalities, production possibility...

Why is, in developed nations, foreign trade policy favoured to direct income redistribution to counteract rising income inequality resulting from globalisation? Foreign trade theory suggests that a politician's wisest policy was to capture all welfare gains from free trade and to redistribute...

Petrochilos, George A. (2003). Managerial Economics: A European Text. Palgrave McMillan.