Beladi, Hamid; Biswas, Basudeb; Tribedi, Gopal - In: Indian Economic Review 27 (1992) July, pp. 183-194
This paper shows the non-optimality of the free trade policy in a labour-surplus economy where multinational corporations operate in the importable sector with distortions in the capital market. It then examines the welfare implications of alternative trade interventions policies. The paper...