Models of trading economies have become very large in dimensions and complex in structure. This paper seeks conditions under which it is possible to aggregate the production and consumption of groups of commodities in "industries": commodity groups sharing some common characteristics and...

China in the Global Economy focuses on the theme of twin transitions occurring in the Chinese economy: the transition from a centrally planned economic system to a market oriented one, and from an agrarian to a modern industrialised society. China's exporters face unprecedented competition in...

Trade Theory, Analytical Models and Development, comprises 11 essays offering new contributions on the following topics: trade and wages; factor endowments, factor mobility and political economy of trade; optimality of tariffs; measurement of welfare; customs union theory; endogenous mergers and...