Global Trade and Conflicting National Interests

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...

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Main Authors: Gomory, Ralph E., Baumol, William J.
Format: Online
Sprog:engelsk
Udgivet: The MIT Press 2024
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Online adgang:ONIX_20241025_9780262274050_6
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author Gomory, Ralph E.
Baumol, William J.
author_browse Baumol, William J.
Gomory, Ralph E.
author_facet Gomory, Ralph E.
Baumol, William J.
author_sort Gomory, Ralph E.
collection Directory of Open Access Books
description 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.
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language eng
publishDate 2024
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spelling doab-20.500.12854ir-1466282024-10-25T13:13:29Z Global Trade and Conflicting National Interests Gomory, Ralph E. Baumol, William J. Economics/Trade & Development Economics/Political Economy thema EDItEUR::G Reference, Information and Interdisciplinary subjects::GT Interdisciplinary studies::GTP Development studies 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. 2024-10-25T13:13:28Z 2024-10-25T13:13:28Z 2001 book ONIX_20241025_9780262274050_6 9780262274050 9780262072090 https://directory.doabooks.org/handle/20.500.12854/146628 eng Lionel Robbins Lectures image/jpeg n/a https://doi.org/10.7551/mitpress/3306.001.0001 The MIT Press The MIT Press 10.7551/mitpress/3306.001.0001 10.7551/mitpress/3306.001.0001 ae0cf962-f685-4933-93d1-916defa5123d 9780262274050 9780262072090 The MIT Press 215 Cambridge open access
spellingShingle Economics/Trade & Development
Economics/Political Economy
thema EDItEUR::G Reference, Information and Interdisciplinary subjects::GT Interdisciplinary studies::GTP Development studies
Gomory, Ralph E.
Baumol, William J.
Global Trade and Conflicting National Interests
title Global Trade and Conflicting National Interests
title_full Global Trade and Conflicting National Interests
title_fullStr Global Trade and Conflicting National Interests
title_full_unstemmed Global Trade and Conflicting National Interests
title_short Global Trade and Conflicting National Interests
title_sort global trade and conflicting national interests
topic Economics/Trade & Development
Economics/Political Economy
thema EDItEUR::G Reference, Information and Interdisciplinary subjects::GT Interdisciplinary studies::GTP Development studies
topic_facet Economics/Trade & Development
Economics/Political Economy
thema EDItEUR::G Reference, Information and Interdisciplinary subjects::GT Interdisciplinary studies::GTP Development studies
url ONIX_20241025_9780262274050_6
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