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In a world characterized by global competitive market conditions, technological improvements initially localized in one sector of one country cause real income changes at home and abroad, sometimes in paradoxical fashion. A foreign technological advance in the production of a commodity not...
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Competitive International Trade Theory has frequently been criticized for its intensive use of diagrams (as opposed to … selects ten diagrams useful in capturing the essence of important trade theory and illustrating their usefulness even in …
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The concept of factor intensity has played a key role in the development of international trade theory. The factor … forefront of recent developments in trade theory, e.g., quality differences in an intra-industry setting, increasing returns to …
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