India embarked on a path of liberal economic reform in the 1990s after years of nurturing an intensively regulated and controlled economic environment that was loosened slightly in the mid-1980s. The most important and critical segments of this reform were trade and foreign investment. India has...

Credit rationing in the presence of asset inequality affects production and trade pattern in this paper, but not in the conventional way. A Ricardian general equilibrium framework with heterogeneous levels of asset ownership is developed to show that more equal asset distribution may contract...

We use the HOSV model of trade to find out a link between corruption and the pattern of trade, not just its effect on the volume of trade. We prove that greater corruption in labor-abundant countries will restrict the volume of world trade while corrupt capital-abundant countries promote trade....

This paper provides a detailed survey on the literature on trade and migration. We discuss several aspects on international mobility of labor with heterogeneous skill types and relate that to the movement of goods and services between nations, as also the issue of welfare and capital formation...

Credit rationing in the presence of asset inequality affects production and trade pattern in this paper, but not in the conventional way. A Ricardian general equilibrium framework with heterogeneous levels of asset ownership is developed to show that more equal asset distribution may contract...