Advanced International Trade (Second Edition) (Second Edition)

Author: Bhagwati
Publisher:
Publish Date: 2004-04-01
Features: This is the best graduate-level textbook on international trade to date, and it also provides a refined research tool for scholars worldwide. Written by three most distinguished scholars in international trade theory, this work comprehensively explores a wide range of topics, including duality techniques, economies of scale, commercial policy, strategic trade policy, and dynamic trade theory, in an authoritative, timely, and insightful manner. The newly revised and expanded Advanced International Trade (Second Edition) is distinguished by its rigorous algebraic and geometric treatment of various models and conclusions in trade theory. The authors—now including Arvind Panagariya—offer both policy insights and practical applications. They have rewritten existing chapters, such as focusing on the expansion of preferential trade theory, while adding nine entirely new chapters to the book. These include:
Specialized factor models,
"High-dimensional" trade theory,
Empirical evidence of the Heckscher-Ohlin theory,
Duality analysis of trade theory,
Algebraic analysis of the Heckscher-Ohlin model and specialized factor models,
International trade theory based on economies of scale, including economic geography models,
Non-tariff trade policy tools, primarily including AD, VERs, and VIEs,
New literature on trade theory and policy under oligopoly and monopolistic competition conditions,
New literature on the application of endogenous growth to trade theory and policy.