Trade, Policy, and International Adjustments

This volume demonstrates how recent controversial issues in international trade may be analyzed within the context of modern economic studies. Topics include voluntary export restraints, a comparison between trade and economic aid, and trade under variable returns to scale. Particulars of the book are that it examines recent issues in the theory of international trade and its application to commercial policies, such as voluntary export restrictions, trade versus aid, and multinational corporations; that it analyzes macro-economic issues such as exchange rates, monetary economies, and tariffs and quotas and that is extends trade theory to investigate the implications of variable returns to scale, intermediate inputs, and the question of choice between free and controlled trade