Suchergebnisse

This paper analyzes a model of two‐way movement of physical capital, and examines the effects of direct investment liberalization on resource allocation, income distribution and commodity trade. If either country or both countries liberalizes investment under exogenously given commodity prices, some factor owners in a country will gain but some others will lose. If capital movement affects commodity prices, all factor owners in a country may be better off after multilateral investment liberalization. In these cases, it will be much easier for the home country to sign an agreement liberalizing investment flows.

World trade is not only an economic but also a social, political, environmental, labor and legal matter. Economists and government planners aim at finding the efficient trade policy which enhances economic welfare and growth in a more harmonious and sustainable way.This book contains 12 articles from internationally renowned experts in the field of world trade. The contributions cover a variety of pressing topics related to trade theory, trade policy, WTO and their relationship. They provide in-depth analysis of some of the trade issues currently discussed by academics and politicians, such as resource allocation, income distribution, employment, growth, technology transfer, heterogeneous markets, intra-industry trade as well as environmental issues.