Trade and the evolving world economy
Graciela Chichilnisky and
Geoffrey Heal
MPRA Paper from University Library of Munich, Germany
Abstract:
Although American business leaders do not like protectionism, more and more of them are concluding that too many countries are stacking the deck against American competitors. The severe recession of 1980-83 and its lingering effects in certain regions and business sectors; unemployment stuck at record high levels; the decline of such industries as steel and autos; all of these have brought pressure on leaders of industrial countries to protect their industries from international competition. New technologies have great potential payoffs, but they require more sophisticated forms of social organization.There is a need for institutions that facilitate patterns of trade consistent with balanced markets, and with the smooth occurrence of any necessary structural changes.
Keywords: fair trade; free trade; protectionism; efficiency; economies of scale; invisible hand; technology; competition; international trade; economic change; policy (search for similar items in EconPapers)
JEL-codes: F13 F42 (search for similar items in EconPapers)
Date: 1986
References: Add references at CitEc
Citations:
Published in Hermes Winter 1986 (1986): pp. 30-38
Downloads: (external link)
https://mpra.ub.uni-muenchen.de/8117/1/MPRA_paper_8117.pdf original version (application/pdf)
Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
HTML/Text
Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:8117
Access Statistics for this paper
More papers in MPRA Paper from University Library of Munich, Germany Ludwigstraße 33, D-80539 Munich, Germany. Contact information at EDIRC.
Bibliographic data for series maintained by Joachim Winter ().