International trade theory and policy / by Miltiades Chacholiades

Includes index.

INTRODUCTION : Introduction -- Supply -- Demand and international equilibrium -- THE NEOCLASSICAL THEORY : Opportunity cost -- Community indifference and comparative advantage -- International equilibrium -- Increasing returns -- Factor intensity and factor abundance -- Factor proportions, factor prices, and commodity prices -- The cause and effect of international trade -- The Leontief Paradox -- ECONOMIC GROWTH AND TRADE : The effects of economic growth on trade -- The sources of economic growth and international trade -- Growth in a simple open economy -- TRADE AND WELFARE : Trade and the welfare of individuals -- The gains from international trade -- INTERNATIONAL TRADE POLICY : Import and export taxes : the case of the small country -- Import and export taxes : the case of the large country -- Trade taxes and welfare -- Domestic distortions The infant-industry argument and noneconomic objectives -- The theory of customs unions: I. the partial equilibrium approach -- The theory of customs unions: II. the general equilibrium approach