The costs of import substitution (IS) as a strategy for industrialization, which was deemed synonymous with economic development by many development economists of the fifties and sixties, were shown to be substantial in the influential and nuanced studies of the seventies and eighties under the...

The costs of import substitution (IS) as a strategy for industrialization, which was deemed synonymous with economic development by many development economists of the fifties and sixties, were shown to be substantial in the influential and nuanced studies of the seventies and eighties under the...

The costs of import substitution (IS) as a strategy for industrialization, which was deemed synonymous with economic development by many development economists of the fifties and sixties, were shown to be substantial in the influential and nuanced studies of the seventies and eighties under the...

A discussion of the perceived widening wage gap between skilled and unskilled workers that analyzes the implications of such a gap upon trade in the context of NAFTA.

Domestic and multinational corporations have begun to enter retailing in India, raising concerns that they will destroy the millions of small stores and street vendor businesses that presently dominate retailing in the country. Policymakers know that corporate retailers can improve the...

This note shows that protection-induced export promotion can arise even in the absence of economies of scale, which have been long analysed as factors sliding an import~ubstituting industry up the scale of comparative advantage and turning it into an exporter eventually. Even with an...

The theory of comparative advantage has two facets which should be clearly distinguished: 1) positive; and, 2) welfare. The former relates to the formulation of hypotheses to explain the pattern of trade; the latter concerns the advantages to be derived from the possibility of various forms of...