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Trade Policy and Economic Welfare [Paperback]

W. Max Corden (Author)

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Book Description

June 26, 1997 0198775342 978-0198775348 2
The second edition of this classic text on international economics has been substantially revised and updated to take account of the considerable activity in this field over the last two decades. Three new chapters discuss trade policy and the environment, strategic trade policy, and trade policy and the exchange rate. Corden also analyzes in detail the many arguments for protection.

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Editorial Reviews

Review

`There is a clear-cut difference between policy advocacy by 'economic intellectualism' and 'bandwagon politics'. This remarkable book written by one of the leading international trade theorists belongs to the previous category.' D Tripati Roa, KYKLOS

`W Max Corden has produced a well-crafted analytical text in international economics that is an extensive revision of the first edition printed in 1974....Corden's book is far more than a textbook: his arguments take us well beyond the conventional theory of international economics. His analysis of international trade issues is a synthesis of his own past thinking.' Helen Cabalu Economics Record (Australia) 15/03/1999

About the Author

W. Max. Corden is at The Johns Hopkins University.

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Inside This Book (learn more)
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First Sentence:
The aim of this book is to expound, review, and develop the normative theory of trade policy. Read the first page
Key Phrases - Statistically Improbable Phrases (SIPs): (learn more)
optimum export tax, marginal divergence, subsidy disbursement costs, income distribution distortion, optimum tariff structure, taxing foreign capital, domestic divergences, conservative social welfare function, nontrade taxes, dynamic internal economies, optimum tariff rate, static real income, foreign demand curve, internal dynamic economies, private dumping, production divergence, import supply curve, import supply elasticity, trade divergence, whole domestic market, transborder externalities, pecuniary external economies, market mechanism role, effective protective rate, foreign elasticity
Key Phrases - Capitalized Phrases (CAPs): (learn more)
United States, European Community, John Stuart Mill, Hong Kong, European Union, Uruguay Round, Adam Smith, Stolper Samuelson, World Trade Organization, Corn Laws, Friedrich List, Latin American, World War
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