Unlocking the Trade Door

Business & Finance, Economics, International Economics
Cover of the book Unlocking the Trade Door by Hak Choi, Hak Choi
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Author: Hak Choi ISBN: 1230001984668
Publisher: Hak Choi Publication: November 1, 2017
Imprint: Language: English
Author: Hak Choi
ISBN: 1230001984668
Publisher: Hak Choi
Publication: November 1, 2017
Imprint:
Language: English

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

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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