Free Trade: What Are the Terms-of-Trade Effects?
Changes in trade policy affect a nation's economic welfare through terms-of-trade and volume-of-trade effects. A move to global free trade would imply higher world economic welfare equal to the sum of all nations' volume-of-trade, or efficiency, effects. Since the sum of the terms-of-trade...
| Veröffentlicht in: | Economic Theory. - Springer, 1991. - 41(2009), 1, Seite 147-161 |
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| Format: | Online-Aufsatz |
| Sprache: | English |
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2009
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| Zugriff auf das übergeordnete Werk: | Economic Theory |
| Schlagworte: | WTO Multilateralism Free trade Customs unions Free trade areas Transfers F00 F02 F10 F11 mehr... |
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