Trade, Distortion and Growth e-bog

Trade, Distortion and Growth examines the neoclassical model of international trade and resource allocations in both the absence and the presence of distortions and market imperfections and reviews the received theorems of trade and welfare. The meaningful propositions, derived within the strait-jacket of general equilibrium, provide a comprehensive and a unified structure of theoretical findings and normative results for nations engaged in production and international exchange.