The Microeconomics of Trade

Pure trade is largely concerned with the movement of real goods across national frontiers. This book attempts to answer the important questions about the basis of trade and the pattern of trade. It covers traditional trade theory, modern trade theory, non-tariff trade restrictions, the theory of tariffs, free trade and restricted trade, trade concentration and trade policy, foreign investment and multinational corporations, non-traded goods, and more. The end of each chapter is followed by a list of key words and concepts, a chapter summary, and review questions.