Global Trade and Conflicting National Interests

Ralph E. Gomory

ISBN 10: 0262545802 / ISBN 13: 9780262545808

Published by MIT Press, 2022

About this Item

nach der Bestellung gedruckt Neuware - Printed after ordering - Ralph Gomory and William Baumol adapt classical trade models to the modern world economy.In this book Ralph Gomory and William Baumol adapt classical trade models to the modern world economy. Trade today is dominated by manufactured goods, rapidly moving technology, and huge firms that benefit from economies of scale. This is very different from the largely agricultural world in which the classical theories originated. Gomory and Baumol show that the new and significant conflicts resulting from international trade are inherent in modern economies.Today improvement in one country's productive capabilities is often attainable only at the expense of another country's general welfare. The authors describe why and when this is so and why, in a modern free-trade environment, a country might have a vital stake in the competitive strength of its industries.

Seller Inventory # 9780262545808

Bibliographic Details

• Title: Global Trade and Conflicting National Interests
• Publisher: MIT Press
• Publication Date: 2022
• Language: English
• ISBN 10: 0262545802
• ISBN 13: 9780262545808
• Binding: Taschenbuch
• Condition: Neu
• Dimensions: 231W x 155H x 12D millimeters 231 millimeters width by 155 millimeters height by 12 millimeters depth
• Weight: 330 grams

About this title

Synopsis

Ralph Gomory and William Baumol adapt classical trade models to the modern world economy.

In this book Ralph Gomory and William Baumol adapt classical trade models to the modern world economy. Trade today is dominated by manufactured goods, rapidly moving technology, and huge firms that benefit from economies of scale. This is very different from the largely agricultural world in which the classical theories originated. Gomory and Baumol show that the new and significant conflicts resulting from international trade are inherent in modern economies.Today improvement in one country's productive capabilities is often attainable only at the expense of another country's general welfare. The authors describe why and when this is so and why, in a modern free-trade environment, a country might have a vital stake in the competitive strength of its industries.

About the Author

William J. Baumol is Professor of Economics at New York University and Director of the university's C. V. Starr Center for Applied Economics.