1.

Record Nr.

UNINA9910901884203321

Autore

Gomory Ralph E

Titolo

Global trade and conflicting national interests / / Ralph E. Gomory and William J. Baumol ; with a contribution by Edward N. Wolff

Pubbl/distr/stampa

Cambridge, Mass., : MIT Press, ©2000

ISBN

0-262-27405-1

1-4237-3779-2

Descrizione fisica

1 online resource (xvi, 199 p. ) : ill. ;

Collana

Lionel Robbins lectures

Altri autori (Persone)

BaumolWilliam J

Disciplina

382/.7

Soggetti

Free trade

Protectionism

International trade

Lingua di pubblicazione

Inglese

Formato

Materiale a stampa

Livello bibliografico

Monografia

Note generali

Bibliographic Level Mode of Issuance: Monograph

Nota di bibliografia

Includes bibliographical references and index.

Sommario/riassunto

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.