International economics

Front Matter....Pages i-xix
Introduction: international economics and economic theory....Pages 1-10
Front Matter....Pages 11-11
The theory of comparative advantage....Pages 13-22
Supply and demand in international trade: the gains from trade....Pages 23-44
Production functions in international trade: the box diagram....Pages 45-63
Comparative advantage in the Heckscher—Ohlin trade model....Pages 64-72
Factor intensities and the ranking of goods according to comparative advantage....Pages 73-75
Commodity and factor prices under trade: factor-price equalization....Pages 76-86
The gains from trade and the income distribution....Pages 87-92
Factor reversals and factor prices: the Leontief paradox....Pages 93-109
Front Matter....Pages 111-111
Economic growth and international trade during the nineteenth and twentieth centuries....Pages 113-135
A model of economic growth and international trade where growth is unspecified....Pages 136-148
A formal model of economic growth and international trade....Pages 149-151
Increases in factor endowments and international trade: the Rybczynski theorem....Pages 152-159
Technical progress and international trade....Pages 160-183
The terms of trade and the national income in the growth process....Pages 184-203
Front Matter....Pages 205-205
The market for foreign exchange....Pages 207-225
The balance of payments....Pages 226-241
Foreign trade and national income....Pages 242-259
Derivation of some foreign trade multipliers....Pages 260-264
International economic policy and the adjustment mechanism....Pages 265-298
Front Matter....Pages 205-205
Fixed versus flexible exchange rates....Pages 299-318
How jointly to achieve external and internal equilibrium....Pages 319-337
Front Matter....Pages 339-339
Tariffs under optimal market conditions....Pages 341-364
Quotas and quantitative restrictions : state trading....Pages 365-374
Tariffs, subsidies, and distortions in commodity and factor markets....Pages 375-395
Formula for the implicit tariff....Pages 396-397
GATT, EEC, and the Kennedy Round....Pages 398-410
UNCTAD and trade policies for less-developed countries....Pages 411-429
The theory of customs unions....Pages 430-443
Direct investments....Pages 444-473
Front Matter....Pages 475-475
International liquidity: the setting of the problem....Pages 477-499
The adequacy of international liquidity, the price of international liquidity, and the adjustment mechanism....Pages 500-518
Plans for reform of the international monetary system....Pages 519-544
Back Matter....Pages 545-554