Document Type

Article

Publication Date

8-2012

Journal / Book Title

International Trade from Economic and Policy Perspective

Abstract

For many centuries economist simply upgrades Riccardian models and argued that free trade based on comparative advantage and according to geographical distribution of factors of production and specialization leads to efficient use of resources and increases world production frontier a “win-win” situation.While according to liberal economist trade liberalization creates faster growth there are economists who proclaimed that countries become more dependent on foreign resources which control process domestic growth and development.Recent models incorporate economies of scale, imperfect competition, R&D and assume that trade liberalization determine the geographical location of industries therefore gain from trade (Helpman and Krugman, 1985). This paper will review and contrast literatures on Old Trade theories, Post Keynesian, Endogenous Growth Models and International Trade, The New Trade Theory, Economic Geography and Theories of National Competitive Advantage.

DOI

10.5772/50097

Journal ISSN / Book ISBN

ISBN978-953-51-0708-8

Rights

This chapter is Open Access and distributed under the terms of the Creative Commons Attribution 3.0 License, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.

Published Citation

Ramjerdi, M. H. (2012). A Survey of Effects of International Trade on Growth. International Trade from Economic and Policy Perspective.

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