Political Economy of Protection
Subtitle: Harwood Fundamentals of Applied Economics (Harwood Fundamentals of Pure and Applied Economics)
Publisher: Taylor & Francis
Published: May 3, 2002
Language: eng
Number of pages: 184
ISBN-13: 9780415269148
First sentence: Traditional general equilibrium international trade theory frames its conclusions within the setting of one of three models; the Ricardian or classical model wherein a single intersectorally mobile homogeneous factor (usually designated labor) is the sole factor of production; the Heckscher-Ohlin model which views the economy as endowed with at least two intersectorally mobile factors; and a model which allows for the presence of industry-specific as well as intersectorally mobile factors.