International Trade : Theory and Practice

Contents: The Classical Theory . The Neo-Classical Theory. The Modern Theory of International Trade. Competitive General Equilibrium in a Closed Economy. Extensions of the Classical and Neo-Classical Theories of International Trade. Theory of Tariffs
Gains from International Trade. Theory of Customs Unions. Theory of Effective Protection. Trade, Growth and Immiserisation. International Capital Mobility, Technology Transfer, Multinational Corporations and Trade Theory. Issues Relevant for Trade Policy in Less Developed Countries.

This book explains a number of recent developments in international trade theory and practice. The reader is led step by step through the evolution of international trade theory, the theoretical controversies and the empirical tests. International trade theory is presented as a responsive growing body of thought, adapting in response to challenges. Such challenges arise from competing research programmes, from empirical tests and from the course of history. Each source has been important in shaping the development of international trade theory. Questions relating to international mobility, technology transfer and multinational corporations have been analyzed within the framework of international trade theory. A feature of this book is the way in which it carefully highlights issues relevant for trade policy in less developed countries. The book is primarily intended to serve as a textbook for the students preparing for B.A. (Hons.) economics and postgraduate students of all Indian Universities.