Explanations of the Pattern and Composition of International Trade

Ali M. El-Agraa
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Ali M. El-Agraa: University of Leeds

Chapter 6 in International Trade, 1989, pp 90-103 from Palgrave Macmillan

Abstract: Abstract In Chapters 2–5, modern economic techniques were utilised to demonstrate, albeit under certain restrictive assumptions, how both ‘small’ and ‘large’ countries can benefit from international trade. The rationale rested basically on the understanding that countries export commodities which fetch higher international (as opposed to domestic) prices and import commodities which are offered at lower international prices, i.e. trade takes place when the domestic t/t differ from the international t/t. These price differences merit special consideration, hence this chapter.

Keywords: International Trade; Comparative Advantage; Skilled Labour; Factor Endowment; Price Ratio (search for similar items in EconPapers)
Date: 1989
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-10206-8_6

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DOI: 10.1007/978-1-349-10206-8_6

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