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OverviewFull Product DetailsAuthor: Luther TweetenPublisher: Practical Action Publishing Imprint: Practical Action Publishing Edition: illustrated edition Dimensions: Width: 17.60cm , Height: 2.40cm , Length: 26.10cm Weight: 0.585kg ISBN: 9781853391583ISBN 10: 1853391581 Pages: 336 Publication Date: 15 December 1992 Audience: College/higher education , Professional and scholarly , Undergraduate , Postgraduate, Research & Scholarly Format: Paperback Publisher's Status: Active Availability: In Print This item will be ordered in for you from one of our suppliers. Upon receipt, we will promptly dispatch it out to you. For in store availability, please contact us. Table of ContentsList of Tables and Figures ix Preface xiii Introduction 1 Other Indicators of the Importance of Agricultural Trade, 2 Some Historical Developments, 6 New Developments in World Trade, 10 Outline, 13 References, 14 Conceptualizing Comparative Advantage and the Gains from Trade 17 Absolute Advantage, 17 Comparative Advantage, 19 Modern Theory of Comparative Advantage and Gains from Trade, 24 Resource Endowment and Trade, 35 Arguments for Trade Barriers, 40 A Note on the Theory of the Second Best, 41 References, 42 Annex to Chapter 2: Proof of Heckscher-Ohlin Theorem, 44 Measuring Comparative Advantage, Protection, and the Gains from Trade Liberalization 49 Policy Interventions, 49 Nominal Protection Coefficient, 49 Exchange Rate Distortion, 56 Effective Protection Coefficient, 58 Domestic Resource Costs: Measuring Comparative Advantage, 61 Producer and Consumer Subsidy Equivalents, 64 Classical Welfare Analysis, 67 A Note on Competitive Advantage, 72 Conclusions, 74 References, 74 4 Border Interventions: Taxes, Subsidies, and Quotas 77 Interventions by Importers, 78 Interventions by Exporters, 87 Import and Export Tax Symmetry, 95 Conclusions, 96 References, 96 5 Agricultural Commodity Programs and World Trade 99 Farm and Food Commodity Price Ceilings, 100 Productivity and Trade, 102 American Commodity Programs, 105 Mandatory Controls, 110 Self-Sufficiency Rice Policy in Japan, 112 European Community Policy, 115 Conclusions, 120 References, 121 6 Macroeconomic Policy, Exchange Rates, and Trade 123 The Foreign Exchange Market, 125 Determinants of Demand and Supply of Foreign Exchange, 129 Foreign Exchange, Supply-Demand Equilibrium, and Price Response, 134 Balance of Payments, 141 Macroeconomic Linkages, 143 The Economic Degradation Process, 147 Conclusions, 152 References, 153 Annex to Chapter 6: Derivation of Marshall-Lerner Condition, 155 7 Introduction to Strategic Trade Theory 157 Genesis, 157 The Theory of Games, 159 Theory of Duopoly, 163 Conjectural Variations, 175 Appropriateness of Strategic Trade Theory, 177 References, 178 8 Strategic Trade Theory, Market Power, and the Political Economy of Trade 181 Relating Strategic Trade Analysis to Traditional Analysis, 181 Tariffs, Quotas, and Imperfect Competition, 182 Gains from Market Power, 185 Grain Export Industry Performance, 194 Reinterpreting Orthodoxy in the Context of Modern Trade Theory, 196 Forms of Trade, 198 Other Political-Economic Considerations, 200 Conclusions, 201 References, 202 9 Institutions and Trade Policies 205 International Monetary Fund, 205 World Bank, 208 General Agreement on Tariffs and Trade (GATT), 210 International Commodity Agreements, 219 Bloc or Regional Integration Institutions, 224 Conclusions, 227 References, 228 Annex to Chapter 9: The General Agreement Articles as of 1989, 230 10 Major Players in World Trade 233 Three Economic Superpowers, 233 Other Players, 238 Third-World Developments, 242 Justifications for Trade Barriers in Today's World, 245 Conclusions, 247 References, 248 11 American Agricultural Trade Policy 251 US Trade Institutions for Formulating and Administering Trade Policy, 251 US Trade Restrictions, 254 Agricultural Export Assistance, Preferences, and Promotion, 256 Economic Development Assistance, 261 New Directions for Trade Policy, 264 Trade Negotiation Strategy, 270 Conclusions, 279 References, 280 12 Agricultural Trade Models 283 Theoretical Research, 283 Empirical Models, 285 References, 290 Annex A to Chapter 12: A Multiregion, Multicommodity, Nonspatial, Partial Equilibrium, Empirical Model Using Constant Elasticity Behavioral Equations, 292 Annex B to Chapter 12: Policy Analysis with a Simple Wheat Trade Model, 297 Glossary 301 Index 311 About the Book and Author 319ReviewsAuthor InformationLuther Tweeten is Anderson Professor of Agricultural Marketing, Policy, and Trade in the Department of Agricultural Economics and Rural Sociology at the Ohio State University. Tab Content 6Author Website:Countries AvailableAll regions |