Lecture_20_2011

Lecture_20_2011 - L ect ur e 20: I nt er nat ional T r ade,...

Info iconThis preview shows pages 1–5. Sign up to view the full content.

View Full Document Right Arrow Icon
Lecture 20 : International Trade, Part II 4 March 2010
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Domestic Sources of Trade Policy, I Orthodox economic theory uniformly sees trade as beneficial, who would oppose it? Stolper-Samuelson Trade Theory : Owners of scarce factors of production are hurt by free trade, and thus favor protectionism. Owners of abundant factors favor free trade “Attitudes toward free trade vary with the country’s factor endowments of land, labor, capital and skills” (p.232)
Background image of page 2
Domestic Sources of Trade Policy, II Ricardo-Viner Trade Theory : Industry based version of Stolper-Samuelson. Trade interests are determined by the sector of the economy in which an actor is employed. Actors in industries facing stiff foreign competition favor protection, actors in exporting industries favor free trade. How do we predict which actors will win? Logic of Collective Action Regime type, parochial/national institutions
Background image of page 3

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
International Influences on Trade, I
Background image of page 4
Image of page 5
This is the end of the preview. Sign up to access the rest of the document.

Page1 / 8

Lecture_20_2011 - L ect ur e 20: I nt er nat ional T r ade,...

This preview shows document pages 1 - 5. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online