INTERNATIONAL TRADE THEORY AND COMPETITIVE MODELS

World-renowned economist Ronald W. Jones gets to the essence of international trade theory in this collection of articles that span over half a century of his published work. As the global economy has grown, so too has the need for a deeper rooted understanding of trade — and its assorted benefits. With clear, simplifying prose, Jones elucidates the Ricardian, Heckscher–Ohlin, and Specific-Factors models of general equilibrium theory. Jones' pioneering work anticipates, among other changes in our time, the creation of far-flung supply chains brought about by the falling costs of service links. The theoretical, technical, and historical insights in the text are peppered with personal notes that capture modern intellectual development in the field, providing a bedrock foundation in international trade for students and practitioners alike.
Contents: An Old Favorite: The Ricardian Model:Comparative Advantage and the Assignment ProblemTechnology Choice, Overtaking, and Comparative AdvantageThe Technology Transfer ParadoxMore General Equilibrium Models: Heckscher–Ohlin and Specific-Factor Models:The Structure of Simple General Equilibrium ModelsThe Golden Anniversary: Stolper–Samuelson at 50"Protection and Real Wages": The History of an IdeaHeckscher–Ohlin Trade Flows: A Re-AppraisalHeckscher–Ohlin and Specific-Factors Trade Models for Finite Changes: How Different Are They?Bubble Diagrams in Trade TheoryTrade, Technology, and Income DistributionFactor Bias and Technical ProgressSense and Surprise in Competitive Trade Theory 2010 WEAI Presidential AddressFragmentation of the Production Process and International TradeThe Theory of Trade in Middle ProductsThe Role of Services in Production and International Trade: A Theoretical FrameworkThe Role of International Fragmentation in the Development ProcessInternational Trade and Agglomeration: An Alternative FrameworkInternational Fragmentation and the New Economic GeographyFinal Thoughts on Competitive Trade Models:On the Value of Small-scale GE ModelsOn Blending Competitive Trade Models
Readership: Graduate students and researchers in the field of international economics.
Keywords:International Trade Theory;Models;Competitive MarketsReview:Key Features:A collection of 18 published articles in the field of international trade theoryReveals in the simplest way important aspects of traditional international trade theory