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Trade Policy and Economic Welfare - W. Max. Corden

Trade Policy and Economic Welfare

Hardcover Published: 1st January 1997
ISBN: 9780198292234
Number Of Pages: 320

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The second edition of this classic text on international economics includes three completely new chapters on the environment and trade policy, strategic trade policy, and the relationship between trade policy and the exchange rate. The first edition introduced a number of ideas into policy circles; the new edition has been shortened and substantially revised to point up the themes. that have subsequently become prominent in discussions of free trade and protection. Trade Policy and Economic Welfare expounds the normative theory of trade policy. It includes discussion of static and dynamic arguments for protection:effects of trade policy on income distribution, monopoly, X-efficiency, foreign investment and capital accumulation; protection of technology industries; the choice between tariffs and subsidies as methods of protection. The chapters are self-contained to allow the flexible use of the book in teaching undergraduate courses on international trade and the economics of developing countries.

trade Policy And Economic Welfarep. iii
Preface to the Second Editionp. vii
Preface to the First Editionp. ix
Acknowledgementsp. xi
Introductionp. 1
The Theory of Domestic Divergencesp. 7
Appendix 2.1: The Theory of Domestic Divergences in Two-Product Geometryp. 26
Appendix 2.2: Theory of Domestic Divergences: Notes on the Literaturep. 32
The Four Assumptions of the Theory of Domestic Divergencesp. 33
Trade Taxes as Sources of Government Revenuep. 45
Protection and Income Distributionp. 61
The Terms of Trade Argument for Taxes on Tradep. 81
Appendix 6.1: The Optimum Export Tax and Optimum Tariffp. 100
Monopoly, Market Structure, and Economies of Scalep. 105
The Infant Industry Argumentp. 139
Protection and Capital Accumulationp. 162
Some Dynamic Aspects of Trade Policyp. 181
Protection and Foreign Investmentp. 193
Optimal Tariff Dismantlingp. 215
The Environment and Trade Policyp. 222
Strategic Trade Policyp. 244
The Exchange Rate, Trade Policy, and the Current Accountp. 262
Conclusionp. 278
Bibliographyp. 285
Index of Namesp. 297
Table of Contents provided by Publisher. All Rights Reserved.

ISBN: 9780198292234
ISBN-10: 0198292236
Audience: Professional
Format: Hardcover
Language: English
Number Of Pages: 320
Published: 1st January 1997
Publisher: Oxford University Press
Country of Publication: GB
Dimensions (cm): 23.39 x 15.6  x 1.91
Weight (kg): 0.62
Edition Number: 2
Edition Type: Revised