Corden, W.M. - In: Handbook of international economics : volume 1, (pp. 63-130). 1984
discusses government policies. In the case of trade theory, commercial policy-normative economics embraces the study of the … welfare consequences of various events when policies are constant. The chapter covers the main areas of normative trade theory …, but not fully. The chapter discusses central parts of policy-orientated normative trade theory on the terms of trade …