Encyclopaedia of International Economics

Business & Finance, Economics, Economic Conditions
Cover of the book Encyclopaedia of International Economics by M. Lal, K., Anmol Publications PVT. LTD.
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Author: M. Lal, K. ISBN: 9789387846852
Publisher: Anmol Publications PVT. LTD. Publication: June 30, 2014
Imprint: Anmol Publications PVT. LTD. Language: English
Author: M. Lal, K.
ISBN: 9789387846852
Publisher: Anmol Publications PVT. LTD.
Publication: June 30, 2014
Imprint: Anmol Publications PVT. LTD.
Language: English

The economic theory of international trade differs from the remainder of economic theory mainly because of the comparatively limited international mobility of the capital and labour. In that respect, it would appear to differ in degree rather than in principle from the trade between remote regions in one country. Thus the methodology of international trade economics differs little from that of the remainder of economics. However, the direction of academic research on the subject has been influenced by the fact that governments have often sought to impose restrictions upon international trade, and the motive for the development of trade theory has often been a wish to determine the consequences of such restrictions. The present volume on Contemporary International Economics is aimed at providing reflections on these and other related themes.

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The economic theory of international trade differs from the remainder of economic theory mainly because of the comparatively limited international mobility of the capital and labour. In that respect, it would appear to differ in degree rather than in principle from the trade between remote regions in one country. Thus the methodology of international trade economics differs little from that of the remainder of economics. However, the direction of academic research on the subject has been influenced by the fact that governments have often sought to impose restrictions upon international trade, and the motive for the development of trade theory has often been a wish to determine the consequences of such restrictions. The present volume on Contemporary International Economics is aimed at providing reflections on these and other related themes.

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