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War, Trade, and Mercantilism : Reconciling Adam Smith's Three Theories of the British Empire

Weingast, Barry R. - 2018

Adam Smith proposed three contradictory theories of the British Empire in the Wealth of Nations. The first view holds that the empire was created for merchants eager to monopolize the colonial trade. Smith concludes that “Great Britain derives nothing but loss” from the colonies. In the...

Persistent link: https://www.econbiz.de/10012934675

Homogenization and Specialization Effects of International Trade : Are Cultural Goods Exceptional?

Shore, Jesse - 2013

In contrast to the logic that international trade leads to greater specialization and differentiation of products, cultural industries are often still protected from imports, in part, because of the worry that trade will lead instead to homogenization. Is this true for cultural goods and if so,...

Persistent link: https://www.econbiz.de/10014038446

Trade openness and income inequality : new empirical evidence

Dorn, Florian; Fuest, Clemens; Potrafke, Niklas - 2021

We examine how trade openness influences income inequality within countries. The sample includes 139 countries over the period 1970-2014. We employ predicted openness as instrument to deal with the endogeneity of trade openness. The effect of trade openness on income inequality differs across...

Persistent link: https://www.econbiz.de/10012599018

Trade openness and income inequality : new empirical evidence

Dorn, Florian; Fuest, Clemens; Potrafke, Niklas - 2021

Persistent link: https://www.econbiz.de/10012592197

Exploring the intensive and extensive margins of world trade : presented at Venice Summer Institute, Workshop on Dissecting Globalization, July 2004

Felbermayr, Gabriel; Kohler, Wilhelm - 2004

World trade evolves at two margins. Where a bilateral trading relationship already exists it may increase through time (intensive margin). But trade may also increase if a trading bilateral relationship is newly established between countries that have not traded with each other in the past...

Persistent link: https://www.econbiz.de/10011450770

Globalization & regionalization in international trade

Țigănașu, Ramona; Maha, Liviu George; Mursa, Claudiu … - In: CES working papers 1 (2009) 2, pp. 5-19

The concept of globalization refers to the growing interdependence of countries, resulting from the increasing … process are the international trade and the cross-border investment flows. Economic globalization has increased the … specialization of workers, while the companies compete in global markets. Even globalization has recently become a common topic in …

Persistent link: https://www.econbiz.de/10011992014

Chapter 22. A Global View of Economic Growth

Ventura, Jaume - 2005

This paper integrates in a unified and tractable framework some of the key insights of the field of international trade and economic growth. It examines a sequence of theoretical models that share a common description of technology and preferences but differ on their assumptions about trade...

Persistent link: https://www.econbiz.de/10014023765