Global Trade and Conflicting National Interests (Lionel Robbins Lectures)
| Author | : | |
| Rating | : | 4.57 (831 Votes) |
| Asin | : | 0262072092 |
| Format Type | : | paperback |
| Number of Pages | : | 215 Pages |
| Publish Date | : | 2016-07-02 |
| Language | : | English |
DESCRIPTION:
This is very different from the largely agricultural world in which the classical theories originated. Gomory and Baumol show that the new and significant conflicts resulting from international trade are inherent in modern economies.Today improvement in one country's productive capabilities is often attainable only at the expense of another country's general welfare. The authors describe why and when this is so and why, in a modern free-trade environment, a country might have a vital stake in the competitive strength of its industries.. In this book Ralph Gomory and William Baum
William J. Baumol is Professor of Economics at New York University and Director of the university's C. V. Starr Center for Applied Economics.
Solow, Institute Professor of Economics, Emeritus, MIT, and Nobel Laureate in Economics)When you pair a world-class mathematician with a world-class economist, you should be prepared for a spectacular outcome. The book should be read by all who are concerned with business reporting, business, and legal advice. (Herbet E. Stir in some old theory and some new technique. This book should be read carefully, but above all it should be read. They also consider the possibilities of limited governmental intervention to influence which of the many possible equilibria will be realized. His ideas contain an explosive message: that what established authorities teach Americans about global trade is simply wrong disastrously wrong for the United States. The church of global free trade, which rules American politics with infallible pretensions, may have finally
Trade For Dummies Don't be put off by the title. This book should be called "Trade for Dummies." The authors kindly start where most of us left off in Econ 101 - with comparative advantage. We all remember that nature endowed England with a comparative advantage in wool, and Portugal in wine, so that this trade was an obviously good thing.But what about today's vastly more complex economy where considerations go far beyond the mere geography of natural resource distribution? What about the role of industrialization? Or technology? Or information? Who has what advantage? And how to measure it? The authors have solved this seemin. Understanding International Trade A must read book for anyone with an interest in International Trade. Gomory and Baumol take an insightful look into trade in this era of multinational companies, expanded trade and developing countries. They develop a technique to determine whether a trade decision is mutually beneficial (or detrimental) to the parties. While no "magic" formula to precisely determine the benefits of an individual trade decision, at least there is a cogent framework to start from.As a lay reader it was apparent that to assure our continued growth and successes that we must continually innovate to create the next big retainable . Gripping Eye Opener A Customer These 73 pages kept this layman engrossed and enlightened. You learn why World Peace through World Trade ain't necessarily so, but can be a win-win situation for nations who understand the theory of the Global Trade game.In cogent and concise language,the two gifted authors upset the notion that a dollar of National Trading Income is indifferent to what is being traded. National Trading Income from a "retainable" industry like computer chips produce strategic strengths for a nation compared to the same amount of National Trading Income from potato chips.This new vector on Global Trade alerts business leaders t