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Trade, Growth, and Inequality
Christopher Bliss
328 pages
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tables and figures
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234x156mm
978-0-19-920464-9
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Hardback
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01 November 2007
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- Combines international trade theory, economic development, and economic growth in one volume
- Exceptional breadth of approach, ranging from mathematical modelling to historical and institutional speculation
- Clearly shows how theory connects with real current issues
- Real world examples focus not only on countries participating fully in globalized trade but also those failing to fully participate
Combining the fields of international trade theory, economic development, and economic growth, this text provides an advanced exposition suitable for graduate students as well as researchers at all levels. It combines mathematical rigour with an exceptional breadth of approaches, including institutions, history, and comparative economics. Existing research is exposited and evaluated, and numerous new results are included. The central themes of economic inequality, within and between nations, are discussed, as is convergence, or the reduction of inequality.
Distinctive features of the volume include a radical re-evaluation of the theoretical basis of the economic convergence model proposed by Barro and Sala-i-Martin, a new generalization of the standard HOS model, and a new concept, the economic environment, designed to model the effects of institutions in a more analytical and micro-founded manner is discussed. Uniquely, the real world examples included focus not only on countries participating fully in globalized trade, like China, but also those countries and regions failing to fully participate, specifically the Arab world and sub-Saharan Africa. The text concludes with a discussion of current issues in world economic governance, particularly the IMF and limitations of the Washington consensus, showing that some criticism fails to
confront fundamental difficulties.Readership: Academic economists and graduate students studying either development economics or international trade.
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Christopher Bliss, University of Oxford
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1: Introduction
2: Trade in an Unequal World
3: Why the Poor Stay Poor
4: Convergence in Theory and Practice
5: Classical Theories of Trade and Development
6: Higher Dimension Models
7: Comparative Advantage and Participation
8: Government, Failing States, and Corruption
9: The Real Exchange Rate
10: Mobile Factors and Urbanization
11: International Trade Rules and the Environment
12: Trade and Economic Growth
13: Two Models of Growth and the Resource Curse
14: Unequal Trade and Trade Between the Unequal
15: Conclusions and Unresolved Issues
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