International Trade Policy
"The book highlights the effects of regional economic integration in Europe and elsewhere, not only the direct effects in the respective regions, but also the effects on the global trade policy. Also, a number of special trade policy arrangements between rich and poor countries are covered."
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Trade policy Imperfect competition
Trade policy General intervention
7 other sections not shown
advantages agricultural analyses applies assumed autarky balance of payments consumer consumer surplus consumption coun country A's country's customs union demand curve developing countries distortions domestic price duties economic effect enterprise equal equilibrium exchange rate export sector export subsidies export supply curve exporting country externalities factor figure firms foreign free trade areas GATT illustrated imperfect import restrictions import substitution import tariff imposes a tariff income increase indifference curve individual countries industrial countries industrial products inputs international trade intervention labour large country level of welfare lower manufacturers means monopolist monopoly nomic offer curve oligopoly optimal tariff perfect competition possible preference scheme price fluctuations problems production point production subsidies programmes quota raw materials reduced result slope small country tariff level tariff protection tariff rate tariff reduction terms of trade textile theory third countries tion trade creation trade diversion trade policy measures transformation curve ucts voluntary export restraint world market price