Comparative Advantage, Growth, and the Gains from Trade and Globalization

Comparative Advantage, Growth, and the Gains from Trade and Globalization PDF

Author: Robert M. Stern

Publisher: World Scientific

Published: 2011

Total Pages: 716

ISBN-13: 9814340375

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Alan Deardorff was 65 years old on June 6, 2009. To celebrate this occasion, a Festschrift in his honor was held on October 2OCo3, 2009, in the Rackham Amphitheater at the University of Michigan in Ann Arbor. The Festschrift was entitled OC Comparative Advantage, Economic Growth, and the Gains from Trade and Globalization: A Festschrift in Honor of Alan V Deardorff.OCO It was co-organized by two of Professor Deardorff''s former students, Drusilla Brown of Tufts University and Robert Staiger of Stanford University, together with Robert Stern representing the University of Michigan. The first day of the Festschrift involved a series of panels in which invited participants reflected on Professor Deardorff''s contributions, including his writings on: comparative advantage; trade and growth; the gains from trade and globalization; and computational modeling and trade policy analysis. The panel participants prepared written comments, setting out their evaluation of Professor Deardorff''s contributions combined with their own thoughts on the current state of knowledge and analysis of the particular topic. At the end of the first day, Paul Krugman of Princeton University and The New York Times delivered a Citigroup Foundation Special Lecture entitled OC Reflections on Globalization: Yesteryear and Today.OCO All of these papers and Krugman''s lecture are contained in the volume."

International Trade and Economic Growth

International Trade and Economic Growth PDF

Author: Hendrik Van den Berg

Publisher: Routledge

Published: 2015-01-30

Total Pages: 453

ISBN-13: 1317467388

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Unlike any other text on international trade, this groundbreaking book focuses on the dynamic long-run relationship between trade and economic growth rather than the static short-run relationship between trade and economic efficiency. The authors begin with well-known theory on international trade, and then take the student into more recent and less well-known work, all with a careful balance between empirical and theoretical perspectives. A valuable teaching tool for courses in international economics, economic growth, and economic development at both the undergraduate and graduate levels, the book uses some very modest algebra, calculus, and statistics. However, most analytical discussions are built around diagrams in order to make the text accessible to students with a variety of social science backgrounds. An Instructor's Manual is available to professors who adopt the text.

Services in Global Value Chains

Services in Global Value Chains PDF

Author: Patrick Low

Publisher: World Scientific

Published: 2016-06-21

Total Pages: 784

ISBN-13: 9813141476

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This compilation of 22 firm-specific case studies is an important contribution to the discussion of 'servicification' trends in manufacturing. 'Services have increased in importance and value in many manufacturing value chains, making companies that produce physical products look more like service enterprises. What services do global value chains use in their operations, how important are they and how do economic policies shape firms' configurations, operations, and location of global value chains? This book addresses these questions and more. The interviewed firms, based in 12 APEC economies, come from different sectors ranging from multinational automotive, construction equipment, and electrical appliance manufacturers to small and medium manufacturers of watches or chemical for water treatment. The book analyses what specific services are important in different stages of the value chain, and whether they are typically provided in-house or outsourced. Contents:Manufacturing-Related Services (Patrick Low and Gloria O Pasadilla)Manufacturing of Aircraft Control Systems in the Philippines (Andre Wirjo and Gloria O Pasadilla)Industrial Welding Services in Thailand (William Haines)Manufacturing of Mining and Construction Equipment (David Sit and Patrick Low)Manufacturing of Computer Servers (Yuhua Zhang)Wastewater Treatment Services (Arian Hassani and Andre Wirjo)Manufacturing of Automotive Components in the ASEAN Region (Denise Cheung)Manufacturing of Oil and Gas Industry Equipment in Singapore (Andre Wirjo and Gloria O Pasadilla)Car Manufacturing in the Philippines (Sherry Stephenson)Manufacturing of Thermal Power Generation Equipment (Gloria O Pasadilla)Production of Precision Die and Machine Parts in Thailand (Denise Cheung and Andre Wirjo)Manufacturing of Refrigerators (David Sit)Watch Manufacturing (Deborah Elms)Manufacturing of Automotive Components in Mexico: Perspectives from Three Firms (Andre Wirjo, Gloria O Pasadilla and Joel G Bassig)Manufacturing of Telecommunications Equipment (Huani Zhu and Gloria O Pasadilla)Manufacturing of Printed Circuit Boards in Canada (Ben Shepherd)Wine Industry in Chile (Karina Fernandez-Stark and Penny Bamber)Integrated Logistics Solutions Provider in Mexico (Andre Wirjo and Gloria O Pasadilla)Remanufacturing Services in the Construction Machinery Value Chain (Katherine Tait and Gary Gereffi)Manufacturing of Consumer Electronic Appliances in Indonesia (Emmanuel A San Andres)Fresh Cherry Industry in Chile (Penny Bamber and Karina Fernandez-Stark) Readership: Researchers, students and academics who are interested in international trade; trade economists; policymakers and general public who are interested in manufacturing related topics.

200 Years of Ricardian Trade Theory

200 Years of Ricardian Trade Theory PDF

Author: Ronald W. Jones

Publisher: Springer

Published: 2017-11-30

Total Pages: 268

ISBN-13: 3319606069

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This book offers a comprehensive and insightful reflection on David Ricardo’s ingenious theory of international trade. Divided into three parts, Part I presents the “birthday boy”, his concept and the many applications and insights that have been derived from it, particularly in modern times. Part II explores in depth important aspects of the Ricardian trade theory through the eyes and experience of leading experts on international trade theory, taking into account the latest research in the field. Lastly, Part III discusses current challenges of globalization in the light of Ricardian trade theory and includes the original "On Foreign Trade" written and published by David Ricardo in 1817.

Free Trade and Absolute and Comparative Advantage

Free Trade and Absolute and Comparative Advantage PDF

Author: Reinhard Schumacher

Publisher: Universitätsverlag Potsdam

Published: 2012

Total Pages: 116

ISBN-13: 3869561955

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This thesis deals with two theories of international trade: the theory of comparative advantage, which is connected to the name David Ricardo and is dominating current trade theory, and Adam Smith’s theory of absolute advantage. Both theories are compared and their assumptions are scrutinised. The former theory is rejected on theoretical and empirical grounds in favour of the latter. On the basis of the theory of absolute advantage, developments of free international trade are examined, whereby the focus is on trade between industrial and underdeveloped countries. The main conclusions are that trade patterns are determined by absolute production cost advantages and that the gap between developed and poor countries is not reduced but rather increased by free trade.

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