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International economics

By: Material type: TextTextPublication details: New Delhi; Ane books; 2003Description: 413 pISBN:
  • 8180520196
Subject(s): DDC classification:
  • 337 KJE
Summary: This book gives a comprehensive presentation of economic theories of international trade and investment. Classical theories that can be dated back to the beginning of modern economic science were influenced by ideas of perfect competition. More recent theories emphasize the impor tance of market imperfections, product differentiation, economies of scale, business specialization, technology differentiation and technologi cal progress. These theories also include the impact of economic growth and capital movements. It is shown how simultaneous states of free trade and capital movements may lead to greater economic inequalities, con trary to what was expected.
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This book gives a comprehensive presentation of economic theories of international trade and investment. Classical theories that can be dated back to the beginning of modern economic science were influenced by ideas of perfect competition. More recent theories emphasize the impor tance of market imperfections, product differentiation, economies of scale, business specialization, technology differentiation and technologi cal progress. These theories also include the impact of economic growth and capital movements. It is shown how simultaneous states of free trade and capital movements may lead to greater economic inequalities, con trary to what was expected.

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