Global Trade and Conflicting National Interests
$60.89
- Paperback
215 pages
- Release Date
7 June 2022
Summary
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 pr…
Book Details
| ISBN-13: | 9780262545808 |
|---|---|
| ISBN-10: | 0262545802 |
| Author: | Ralph E. Gomory, William J. Baumol |
| Publisher: | MIT Press Ltd |
| Imprint: | MIT Press |
| Format: | Paperback |
| Number of Pages: | 215 |
| Release Date: | 7 June 2022 |
| Weight: | 369g |
| Dimensions: | 155mm x 231mm |
| Series: | Lionel Robbins Lectures |
| Audience Age: | 18 |
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Critics Review
The church of global free trade, which rules American politics with infallible pretensions, may have finally met its Martin Luther. An unlikely dissenter has come forward with a revised understanding of globalization that argues for thorough reformation. This man knows the global trading system from the inside because he is a respected veteran of multinational business. His ideas contain an explosive message: that what established authorities teach Americans about global trade is simply wrong disastrously wrong for the United States.– William Greider, The Nation–
Ralph E. Gomory
William J. Baumol is Professor of Economics at New York University and Director of the university’s C. V. Starr Center for Applied Economics.
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