International trade theory is still relevant
PSL Quarterly Review
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Title |
International trade theory is still relevant
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Creator |
WILLETT, T.D.
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Subject |
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Comparative advantage, international trade, protectionism, policy, exchange, investment F10, F13, F21 |
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Description |
It has become common place to argue that the theory of comparative advantage and international trade is no longer relevant to the realities of the world economy and that concepts such as free trade versus protectionism are outdated. It is the contention of this paper, however, that international theory still has much to offer as a guide for policy. The author argues that, despite profound changes and new trends in the world economy, international trade theory has not lost its relevance and that the presumption which may be derived from it in favour of free international exchange as a general policy remains a wise basis for international trade and investment policy in the 1970s. JEL: F10, F13, F21
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Publisher |
Economia civile
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Contributor |
—
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Date |
2014-10-02
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Type |
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion — |
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Format |
application/pdf
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Identifier |
http://annalidibotanica.uniroma1.it/index.php/PSLQuarterlyReview/article/view/12874
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Source |
PSL Quarterly Review; Vol 24, No 98 (1971)
PSL Quarterly Review; Vol 24, No 98 (1971) 2037-3643 ISSN 2037-3635 |
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Language |
eng
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Relation |
http://annalidibotanica.uniroma1.it/index.php/PSLQuarterlyReview/article/view/12874/12677
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Rights |
Copyright (c) 2016 T.D. WILLETT
http://creativecommons.org/licenses/by-nc-nd/4.0 |
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