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International Trade in Goods and Factor Mobility, by Kar-yiu Wong
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This up-to-date synthesis of the basic tools and survey results in international trade theory is unique in giving factor mobility equal billing with goods trade, highlighting factor flows in the context of a mainstream approach to trade theory.
The importance of the international flow of factors has grown in recent decades, primarily because of increasing returns, imperfect competition, multinational corporations, and labor migration; theories of factor mobility and trade in goods can no longer be lumped together. Using sophisticated techniques, as well as simple economic intuitions and easy-to-follow diagrams, Kar-yiu Wong systematically presents within unified frameworks all the basic analytical techniques involved in the theories of international trade and factor mobility.
Wong also provides extensive coverage of such issues as interactions between international trade in goods and capital movement, external economies of scale, monopolistic competition and differentiated products, oligopoly, welfare economics of international trade, and policy analysis for various models, and he devotes two separate chapters to multinational corporations and international labor migration. New techniques and approaches to these issues are suggested, and new results obtained for many of them.
For instance, the discussion of intra-industry trade in the presence of positive transport cost and arbitrage is new, as is the systematic examination of the relationship between international trade in goods and factor mobility with external economies of scale, monopolistic competition, and oligopoly. Of particular importance to trade theorists, these issues serve as the link between neoclassical and imperfect-competition models.
- Sales Rank: #4676935 in Books
- Published on: 1995-10-26
- Original language: English
- Number of items: 1
- Dimensions: 10.00" h x 1.90" w x 7.00" l, 3.06 pounds
- Binding: Hardcover
- 699 pages
About the Author
Kar-yiu Wong is Professor of Economics at the University of Washington, Seattle.
Most helpful customer reviews
1 of 6 people found the following review helpful.
Not the best presentation of International Trade
By Steve Lu
This book is horrible. As a student of Professor Wong's I used this book extrensively. The mathematical examples were too general and presented in a confusing manner. The lack of intution behind the examples made his examples even more confusing
0 of 1 people found the following review helpful.
Easy-to-use overview of International Trade Theory
By GHDunu
I used this book in my international trade class and the it really helped me do well in the class. My professor was really confusing, but the book's discussion and examples made the concepts easy to understand. Overall, from a student's perspective, I would definitely recommend the book.
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