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Trade and competition : industrial economist's perspective.

By:

MARTIN, Stephen

Material type: Text

TextPublication details: 1999Action note:

3/7/00 M2LMGR

Summary: Concludes that theory and empirical evidence both suggest that free trade increases competition, improves market performance in imperfectly competitive international markets, and increases not only overall welfare but also the welfare of individual trading nations. States that there is little reason to think that strategic trade policy - subsidies or export cartels - will improve market performance.

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Holdings
Item type	Current library	Status	Barcode
Analytic	CARICOM Documentation Centre	Available	0000000016439

Concludes that theory and empirical evidence both suggest that free trade increases competition, improves market performance in imperfectly competitive international markets, and increases not only overall welfare but also the welfare of individual trading nations. States that there is little reason to think that strategic trade policy - subsidies or export cartels - will improve market performance.

3/7/00 M2LMGR

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