Transnational Corporations and Developing Countries

Alexander J. Yeats

Chapter 5 in Trade and Development Policies, 1981, pp 91-120 from Palgrave Macmillan

Abstract: Abstract International trade theory rests on several strict assumptions concerning the nature of this exchange and conditions in domestic and international markets. For example, the classical model of trade according to comparative advantage is based on a two-commodity, two-factor, two-country world with full employment, identical production functions, and perfect competition in both domestic and international markets. Given these conditions it was demonstrated that both countries will be better off with free trade or, at the least, one country will be better off while the other’s position would not deteriorate.

Keywords: Foreign Exchange; World Trade; Market Structure; Transfer Price; Private Bank (search for similar items in EconPapers)
Date: 1981
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DOI: 10.1007/978-1-349-16585-8_5

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