This volume examines important topical issues in normative trade theory and welfare economics. In particular, it seeks to investigate how far the potential gainfulness of international trade can be extended in an increasingly globalized world. The first section focuses on the gains from trade in...

Tariff adjustments in preferential trade agreements / Eric W. Bond, Constantinos Syropoulos -- More (or less) on necessarily welfare-enhancing free trade areas / Martin Richardson, Niven Winchester -- Pareto-improving trading clubs without income transfers / Kazumichi Iwasa, Raymond Riezman,...

Presents a collection of research findings on topical issues in international trade theory and policy. This work deals with trade liberalization and outsourcing. It examines trading clubs and preferential trading agreements. It features six chapters on the various aspects of trade and aid.