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...

Something new for something old : reflections on a model with three factors and two goods / Stephen T. Easton -- On commodity prices and factor rewards : a close look at sign patterns / Tapan Mitra -- National security and international trade : a simple general equilibrium model / Ronald...

This paper explores the ramifications of international outsourcing on unemployment, income distribution and welfare, which is an important but yet unresolved issue. Using the well-known Harris-Todaro (1970) model of sector-specific unemployment, it shows that the effects of outsourcing on...