Trade Theories: Untold

Business & Finance, Economics, Theory of Economics
Cover of the book Trade Theories: Untold by Hak Choi, Hak Choi
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Author: Hak Choi ISBN: 1230002170220
Publisher: Hak Choi Publication: February 21, 2018
Imprint: Language: English
Author: Hak Choi
ISBN: 1230002170220
Publisher: Hak Choi
Publication: February 21, 2018
Imprint:
Language: English

(This book is an abbreviated version of Vol. 10, Unlocking the Trade Door. It contains only the first 7 chapters.)

You know that comparative advantage helps explain trade, but when higher production cost from specialization eliminates such advantage, how can you then have trade?

Some people support tariff for its triple benefit: it generates government revenue, eliminates trade deficit and raises social welfare. After all, it taxes only foreigners, why not? But why are countries with high tariff generally poorer? Answer: international trade is not a bargaining issue, tariff is not a static one.

This book tries to unlock this disadvantageous, size-uncertain and reaction-dynamic trade door.

View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart

(This book is an abbreviated version of Vol. 10, Unlocking the Trade Door. It contains only the first 7 chapters.)

You know that comparative advantage helps explain trade, but when higher production cost from specialization eliminates such advantage, how can you then have trade?

Some people support tariff for its triple benefit: it generates government revenue, eliminates trade deficit and raises social welfare. After all, it taxes only foreigners, why not? But why are countries with high tariff generally poorer? Answer: international trade is not a bargaining issue, tariff is not a static one.

This book tries to unlock this disadvantageous, size-uncertain and reaction-dynamic trade door.

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