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Titlebook: International Trade; Mia Mikić Textbook 1998Latest edition Macmillan Publishers Limited 1998 economic development.economic integration.int

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Modern Theories of Trade — 2: Imperfect Competitionroduction, which in turn induces international trade. The models which incorporate either of these two motivations are based on perfect competition — a market structure that is traditionally assumed in trade theory, despite the fact that it became harder and harder to give a real-world justification for this assumption.
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The Measurement of Protectionlocation of resources: factors of production leave other activities and move to the sheltered one. The effects of one industry’s protection on all activities of an economy can be estimated by general equilibrium analysis. Such a measure is known as the . protection.
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Modern Theories of Trade — 1: External Economies of ScaleThe trade models examined in previous chapters have provided us with an understanding of how . in national resources, technology or tastes lead countries to specialise in production and engage in mutually beneficial trade. On the basis of these models we can expect that:
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