Titlebook: International Economics; Bo Södersten,Geoffrey Reed Textbook 1994Latest edition Bo Södersten and Geoffey Reed 1994 development economics.e

Gossamer

Calculus

The Classical Model and the Specific Factors Modelee trade on real wages in the two countries. We shall then examine the specific factors model, which may be thought of in one way as a logical generalisation of the classical model, certainly in that we may use similar techniques in deriving the production-possibility curve. Although the specific fa

Condense

The Heckscher-Ohlin Modelage was determined by technological differences, and a three-factor model where labour was the only mobile factor and comparative advantage was determined by differences in the endowment of one of the factors. We saw that in both cases the move to free trade leads to a transfer of the mobile factor

放纵

Flat-Feet

The Gains from Inter-Industry Trade, the Distribution of Income, and Adjustment commodity prices, industry outputs, production costs, factor utilisation, and factor prices. We have however also paid attention to the likely effects on social welfare through our use of community indifference curves. We have also noted the effects of the move to free trade on the distribution of

独特性

旅行路线

dictator

谈判

The Partial Equilibrium Analysis of Trade Policyssings of free trade. During the eighteenth and at the beginning of the nineteenth century, tariffs were used primarily to raise government revenue. The taxing of imports is probably the easiest existing means by which a government may acquire income. In the 1840s the teaching of the classical econo

CLASH

The General Equilibrium Analysis of Trade Policypolicy instruments that we met in Chapter 10. There is however an important result — the Lerner Symmetry Theorem — which allows us to extend the results we shall obtain for tariffs to other price-based instruments. We shall discuss this theorem at the end of the chapter.