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Trade, Tariffs and Growth: Essays in International Economics
Published by The M.I.T. Press, 1969
ISBN 10: 0297178296ISBN 13: 9780297178293
Book First Edition
Hardcover. Condition: Good. No Jacket. First American. Family-owned bookshop in Steubenville, Ohio: BookMarx Bookstore. Books shipped within 24 hours. 1st American Edition (M.I.T. Press - 1969) - Ex-library with usual marks. No marks noted in text. Binding is sound. . . . . . . TABLE OF CONTENTS: * PART I. Survey and controversies: 1.) The pure theory of international trade: a survey -- 2.) Notes on some controversies in the theory of international trade with Harry G. Johnson ------ * PART II. Gains from trade and comparative advantage: 3.) The gains from trade once again -- 4.) Ranking of tariffs under monopoly power in trade with Murray C. Kemp -- 5.) Non-economic objectives and the efficiency properties of trade -- 6.) The proofs of the theorems on comparative advantage ------ * PART III. Tariffs, quantitative restrictions and subsidies: 7.) Protection, real wages and real incomes -- 8.) A generalized theory of the effects of tariffs on the terms of trade with Harry G. Johnson -- 9.) On the equivalence of tariffs and quotas -- 10.) Fiscal policies, the faking of foreign trade declarations and the balance of payments -- 11.) Domestic distortions, tariffs and the theory of optimum subsidy with V.K. Ramaswami ------ * PART IV. Growth and the less developed countries: 12.) International trade and economic expansion -- 13.) Immiserizing growth : a geometrical note -- 14.) Distortions and immiserizing growth : a generalization -- 15.) Trade liberalization among LDCs, trade theory and GATT rules. . . . . . . . . . . . Immiserizing growth is a theoretical situation first proposed by Jagdish Bhagwati [the author of this book], in 1958, where economic growth could result in a country being worse off than before the growth. If growth is heavily export based it might lead to a fall in the terms of trade of the exporting country. In rare circumstances this fall in the terms of trade may be so large as to outweigh the gains from growth. If so, this situation would cause a country to be worse off after growth than before. This result is only valid if the growing country is able to influence world prices. Harry G. Johnson had, independently, worked out conditions for this result in 1955. -- Wikipedia.
