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This paper provides an overview of trade, environmental, and related public issues and policies. It discusses the pollution problem, the recent global warming trend, the attempts of world's various levels of institutions such as the UN, the WTO, regional, national, and other organizations to...
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There is no generally accepted definition of internationalization or globalization. In the present essay we offer three alternative definitions, in terms of (ii) an enlargement of the set of trading countries, (ii) an enlargement of the set of traded commodities and (iii) the international...
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This volume addresses profound issues in international economics, with contributions from leading researchers on the implications of trade. Empirical studies address preferential trading arrangements, global imbalances and exchange rates, facilitating an understanding of how the economy...
Persistent link: https://www.econbiz.de/10012053964
We develop a model of international trade with increasing returns to scale by taking into account the possibility of cooperation among agents in an egalitarian economy. It is shown that each country gains from trade in a trading world in which there are arbitrary numbers of increasing-returns-...
Persistent link: https://www.econbiz.de/10014060288
This paper presents a dynamic general equilibrium model of multi-country, two-good and two-factor, in which both long-run growth and international trade patterns are examined. In each country, government expenditure on a public intermediate good plays a crucial role in the realization of...
Persistent link: https://www.econbiz.de/10014060929
The paper develops a model of international trade with increasing returns toscale by taking into account the possibility of cooperation among agents in an egalitarian economy. It is shown that each country gains from trade in a trading world in which there are arbitrary numbers of...
Persistent link: https://www.econbiz.de/10014072157