An Overview of Trade Theories and Rationale for and against Free Trade

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Abstract

The note provides an overview of international trade theories and the rationale for and against free trade by discussing the infant industry arguments, comparative advantage, increasing return to scale, and the strategic interventions.

Additional Information

Product Type Technical Note
Reference No. CMA0817TEC
Title An Overview of Trade Theories and Rationale for and against Free Trade
Pages 11
Published on Mar 7, 2017
Authors Varma, Poornima;
Area Centre for Management in Agriculture (CMA)
Discipline Economics
Sector Trade
Learning Objective To make students familiar with major trade theories. To make students understand the theoretical notions behind arguments for and against free trade.
Keywords Free Trade; new Trade; Strategic Interventions
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