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Debunking Protectionist Myths : Free Trade, the Developing World, and Prosperity
Panagariya, Arvind - 2020
More than 170 years ago, Frédéric Bastiat noted in his masterly work Economic Sophisms that the “opposition to free trade rests upon errors, or, if you prefer, upon half-truths.”1 Ever since Adam Smith successfully replaced mercantilist orthodoxy with free trade doctrine in his celebrated...
Persistent link: https://www.econbiz.de/10012846238
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Trade Policy Analysis in the Presence of Duty Drawbacks
Ianchovichina, Elena - 2016
Duty drawback schemes, which typically involve a combination of duty rebates and exemptions, are a feature of many countries' trade regimes. They are used in highly protected developing economies as means of providing exporters with imported inputs at world prices, thus increasing their...
Persistent link: https://www.econbiz.de/10012749489
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A Trade Liberalization Theory
Choi, Hak - 2013
This paper first disproves the traditional trade theory and its optimal tariff implication. Then, it develops a theory to explain trade liberalization, which shows that liberalization increases output and profit to the benefit of the host country. This paper supports the works by WTO
Persistent link: https://www.econbiz.de/10014208633
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Icebergs versus tariffs : a quantitative perspective on the gains from trade ; conference paper
Felbermayr, Gabriel; Jung, Benjamin; Larch, Mario - 2013
We derive a simple equation for the welfare gains from trade when tariffs are liberalized or iceberg trade costs fall. Covering various one-sector trade models that may or may not feature extensive margins and imperfect competition, we generalize the analysis of Arkolakis, Costinot and...
Persistent link: https://www.econbiz.de/10010344632
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Does Globalization Cause a Higher Concentration of International Trade and Investment Flows?
World Trade Organization - 1998
It has sometimes been argued that "globalization" benefits only a small number of countries, and that this leads to … greater marginalization of excluded countries. This paper argues that globalization is not necessarily biased towards greater …, marginalization is not intrinsic to globalization. Key Words: Globalization, international trade and investment flows concentration. …
Persistent link: https://www.econbiz.de/10012884304
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Does globalization cause a higher concentration of international trade and investment flows?
Low, Patrick; Olarreaga, Marcelo; Suárez, Javier - 1998 - Manuscript date: August, 1998
It has sometimes been argued that "globalization" benefits only a small number of countries, and that this leads to … greater marginalization of excluded countries. This paper argues that globalization is not necessarily biased towards greater …, marginalization is not intrinsic to globalization. …
Persistent link: https://www.econbiz.de/10010229107
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Chapter 27 International Trade, Foreign Investment, and the Environment
Rauscher, Michael - In: Handbook of environmental economics : volume 3, …, (pp. 1403-1456). 2005
The 1990s produced a large literature on foreign trade and the environment, including both theoretical and empirical contributions. The paper surveys this literature. It starts by looking at the traditional Heckscher–Ohlin type models of international trade and then moves to noncompetitive...
Persistent link: https://www.econbiz.de/10014023905
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Testing competing world trade models against the facts of world trade
Minford, Patrick; Xu, Yongdeng; Dong, Xue - 2021
We carry out an indirect inference test of two versions of a computable general equilibrium (CGE) model of world trade. One of these, the ‘classical’ model,is well-known as the Heckscher-Ohlin-Samuelson model of world trade, in which countries trade homogeneous products in world markets and...
Persistent link: https://www.econbiz.de/10012602338
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Trade liberalization and the hukou system of the People's Republic of China : how migration frictions can amplify the unequal gains from trade
Zi, Yuan - 2018
The emergence of the People's Republic of China (PRC) as a great economic power has stimulated an epochal shift in patterns of world trade, accompanied by a remarkable level of internal migration within the country. Hundreds of millions of Chinese workers have moved from inland areas to coastal...
Persistent link: https://www.econbiz.de/10011927794
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Can a preferential trade agreement benefit neighbor countries without compensating them?
Endoh, Masahiro; Hamada, Kōichi; Shimomura, Kōji - 2008
PTAs are generally negotiated without any tariff concessions or transfers to non-member countries. Can such a PTA benefit the neighbors’ welfare? In a two-good competitive equilibrium model in the absence of an entrepôt, a PTA without concessions to the outside will hurt the outsider’s...
Persistent link: https://www.econbiz.de/10003811034