This paper offers a new treatment of the labour market effects of international trade, based on a model in which intra-industry trade is explained on Heckscher-Ohlin principles. The model is more consistent with stylised facts about North-South trade than the traditional Heckscher-Ohlin model of...

In a competitive constant-returns small open economy world prices are the appropriate shadow prices for traded goods in public sector cost-benefit analysis. If there are at least as many factors of production as there are goods produced and traded, it is straightforward to derive...

Distribution of resources and opportunity has always been an important factor in European integration. As new and economically weaker join the EU in the future, this will become even more crucial. The reduction of inequalities occupies a prominent place on the European political agenda. This...

<DIV>Since the 1980s, economists have used the concept of strategic trade policy, which takes account of imperfect competition and increasing returns in the international marketplace, to criticize conventional views about free trade. According to the new view, a government can take strategic steps to...</div>