EUI Working Paper: SPSEuropean University Institute, 1996 - Europe |
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Page 8
... develop . Economists have isolated two very different rationales for trade . On the one hand , trade may be caused by differences in factor endowments -- this is the Heckscher- Ohlin model of international trade . For instance , if ...
... develop . Economists have isolated two very different rationales for trade . On the one hand , trade may be caused by differences in factor endowments -- this is the Heckscher- Ohlin model of international trade . For instance , if ...
Page 10
... develop in accordance with comparative advantages , but can also occur between similarly endowed countries , with little or no wealth effects . 14 To understand why , it is impor- tant to keep in mind the distinction between factor ...
... develop in accordance with comparative advantages , but can also occur between similarly endowed countries , with little or no wealth effects . 14 To understand why , it is impor- tant to keep in mind the distinction between factor ...
Page 13
... develop- ment of mass production . Yet , since actual investment in large - scale production is unlikely to occur unless the product can be sold at a profit , another necessary condition is mass ( worldwide ) marketing.21 Worldwide ...
... develop- ment of mass production . Yet , since actual investment in large - scale production is unlikely to occur unless the product can be sold at a profit , another necessary condition is mass ( worldwide ) marketing.21 Worldwide ...
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Common terms and phrases
19th century absolutist monarchies abundant factor access to foreign Arpád SZAKOLCZAI Austrian empire Author Title autocracies autocratic basis of factor Britain capital abundant cartels Charles Kindleberger classes of producers coalitions comparative advantages competitive democracy constitutional monarchies consumers continent Convergence and Free convergence on trade Daniel VERDIER democratic convergence Denmark engage in intra-industry EUI Working Papers European Community European University Institute export factor endowments firms foreign markets France free trade GATT Germany Giandomenico MAJONE Heckscher-Ohlin Heckscher-Ohlin model industry inter-industry type International Trade intra-industry trade Italy Joanne Gowa K-rich labor liberal ideology logrolling democracy LOW TRADE FLOWS manufactures mid-century Netherlands Norway OECD countries Political presence of scale product specialization protection protectionist regime convergence regime divergence regime types regimes empower Robert Gilpin Russia scale economies scarce factors Similar regimes simultaneous Social subsidies Sweden Switzerland tariffs technological tion trade liberalization trade openness trade policy trade type trend United University Press wealth effects