Global trade and conflicting national interests / Ralph E. Gomory and William J. Baumol ; with a contribution by Edward N. Wolff.
2000
HF1713 .G5665 2000eb
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Title
Global trade and conflicting national interests / Ralph E. Gomory and William J. Baumol ; with a contribution by Edward N. Wolff.
Author
Gomory, Ralph E.
ISBN
9780262274050 (electronic bk.)
0262274051 (electronic bk.)
0262274051 (electronic bk.)
Publication Details
Cambridge, Mass. : MIT Press, ©2000.
Language
English
Description
1 online resource (xvi, 199 pages) : illustrations.
Call Number
HF1713 .G5665 2000eb
Dewey Decimal Classification
382/.7
Summary
Ralph Gomory and William Baumol adapt classical trade models to the modern world economy.In this book Ralph Gomory and William Baumol adapt classical trade models to the modern world economy. Trade today is dominated by manufactured goods, rapidly moving technology, and huge firms that benefit from economies of scale. This is very different from the largely agricultural world in which the classical theories originated. Gomory and Baumol show that the new and significant conflicts resulting from international trade are inherent in modern economies.Today improvement in one country's productive capabilities is often attainable only at the expense of another country's general welfare. The authors describe why and when this is so and why, in a modern free-trade environment, a country might have a vital stake in the competitive strength of its industries.
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Source of Description
OCLC-licensed vendor bibliographic record.
Added Author
Baumol, William J.
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