Understanding Global Trade
Helpman explains what shapes international production and distribution of goods and the resulting trade flows, and provides a clear, original account of the trade-theory revolutions of the 1980s and the post-recession. Though it contains no equations, Understanding Global Trade is mathematical in its elegance, precision, and power of expression.
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Antrās autarky average brand capital chapter cloth specialists comparative advantage consumption cost of FDI coun country’s developed differ across countries differences in factor discussed domestic economies of scale England estimates factor composition factor content factor endowments factor price equalization factor prices factor proportions factors of production Figure fixed cost foreign countries foreign direct investment foreign trade gains from trade Helpman higher home country horizontal FDI impact income industries integration intermediate inputs international trade intra-industry trade labor market frictions larger manufacturing Melitz monopolistic competition multinationals offshoring Ohlin output levels outsourcing patterns percent Philippines Portugal predictions product differentiation profit curve rate of unemployment relative wage result returns to scale Ricardo’s rise Schott sectors share of intra-industry share of intrafirm subsidiary sales theory tion trade flows trade liberalization Trefler U.S. imports units of cloth units of wine variable trade costs vertical FDI welfare wine specialists workers Yeaple