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Other Papers on :International Trade

P/E/131. Free Trade Theory

(2004, 2600 words)

Ricardian and Heckscher-Ohlin approaches, although rather different in many respects, are strongly in support of a free trade theory. The paper compares and contrasts the two models along the following lines: assumptions, predictions, empirical evidence, normative implications and their 'fruitfulness' in terms of further work.
 
   
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