Description
Book SynopsisTrade, Development and Political Economy demonstrates the power of trade theory to illuminate issues, not only within its conventional boundaries, but also outside of them, in the fields of development, history and political economy.
Featuring Ronald Findlay's key papers written over the past two decades, this volume addresses problems that are a mixture of the conceptual and the methodological - such as the theory of comparative advantage and the dynamics of interaction between the advanced and developing regions of the world economy - and the topical and historical - such as the impact of oil shocks on employment and the role of trade and slavery in the emergence of the Industrial Revolution. The majority of these papers develop a model derived from the rich tradition of classical and neoclassical trade theory, and apply that model to a relevant analytical or historical question.
The themes in these essays range over the intersection of international trade, economic development and political economy ensuring that this volume will be of interest to all those concerned with the implications of trade theory for economics, development and related fields.
Trade Review'Investment of time and effort in reading these essays. . . yields rich dividends.' -- V.N. Balasubramanyam, The Economic Journal
'This is an immensely stimulating and very scholarly collection. . . . These papers are enjoyable and mind-expanding to read.' -- W.M. Corden, Journal of International Economics
'Findlay' s hope to "demstrate the power of trade theory to illuminate issues not only within conventional boundaries but especially outside them" is clearly satisfied. Expanding on Findlay's (and his coauthors') work has already proven to be fertile ground for many economists and I am sure this will continue to be the case.' -- Oscar Flores, International Trade Journal
Table of ContentsPart 1 Capital, time and comparative advantage. Part 2 Tariffs and trade policy. Part 3 Oil shocks, employment and trade. Part 4 Wage differentials and economic development. Part 5 Primary exports and industrialization. Part 6 North-South models. Part 7 Slavery, trade and history. Part 8 Political economy - trade, justice and the state.
