regional trading arrangements (RIAS) on trade policy towards non-members in a three-good, three-country model. …

Empirical work relating trade liberalization and income distribution has identified an important anomaly. The Stolper …-Samuelson theorem predicts that trade liberalization will shift income toward a country's abundant factor. For developing countries …

trade economists and from labor economists: What has caused the relative wage of skilled labor compared to unskilled labor … in the United States to increase through the 1980s and 1990s? Prime candidates for causing this change have been "trade …

Differences between domestic financial systems can lead to international trade. A country with relatively developed or … systems will export traditional commodities. Trade is always welfare improving before the resolution of uncertainty but the … country with the more risk averse financial system and the world as a whole can be worse off with trade after the resolution …

direction of the trade pattern, immiserising tariff reductions may occur. Here it is shown that in the mirror case when foreign …-owned factors tend to promote the existing trade pattern (i.e. trade-promoting), similar results can be obtained. On the other hand …, when foreign factors are trade-substituting, tariff reductions cannot be immiserising. Extending the analysis to the case …