Overview
- Editors:
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Günter S. Heiduk
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Institute for International and Regional Economic Relations, University of Duisburg-Essen, Duisburg, Germany
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Kar-yiu Wong
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Department of Economics, University of Washington, Seattle, USA
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Table of contents (26 chapters)
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- Günter S. Heiduk, Kar-yiu Wong
Pages 1-5
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Trade Theory
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- Ngo Van Long, Huilan Tian
Pages 7-30
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- Pascalis Raimondos-Møller, Alan D. Woodland
Pages 43-60
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- Kala Krishna, Abhiroop Mukhopadhyay, Cemile Yavas
Pages 65-83
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- K. C. Fung, Andréa M. Maechler
Pages 87-123
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Trade Policy
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- Theo Eicher, Thomas Osang
Pages 157-174
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- Pei-Cheng Liao, Kar-yiu Wong
Pages 185-212
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About this book
Giinter S. Heiduk* and Kar-yiu Wong** * Institute of International and Regional Economic Relations, University of Du- burg-Essen, Campus Duisburg, Germany ** Department of Economics, University of Washington, Seattle, USA The rapid growth of world trade has become one of the most phenomenal features of the international order after the World War. While different countries were - periencing various growth rates of their economies, most of them found out that foreign trade grew much faster than their economies. As a matter of fact, for most economies, foreign trade has been determined to be one of the biggest and the most consistent contributors to economic growth. Nowadays world trade is a very complicated phenomenon because it is not just an economic but also a social, political, environmental, labour, and legal matter. Economists care about world trade because economies are getting more and more open and world trade is related to the properties of open economies. Government planners care about world trade because it is related to many issues that the economies are facing: Resource allocation, income distribution, employment, p- duction, consumption, government revenue, economic growth, and economic w- fare. A right trade policy will enhance the economic welfare and growth of the economy in a more harmonious and equitable way. A wrong policy, however, could spell disaster.
Editors and Affiliations
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Institute for International and Regional Economic Relations, University of Duisburg-Essen, Duisburg, Germany
Günter S. Heiduk
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Department of Economics, University of Washington, Seattle, USA
Kar-yiu Wong