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Trade Policy and Economic Welfare - Oxford Scholarship Online
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Trade Policy and Economic Welfare

W. Max. Corden


Expounds the normative theory of trade policy and sets out a framework for analysing trade and other intervention policies in the presence of domestic distortions. It includes discussion of static and dynamic arguments for protection, especially the infant industry argument, effects of trade policy on income distribution, monopoly, X‐efficiency, foreign investment, and capital accumulation, and the choice between tariffs and subsidies as methods of protection. Chapters especially written for the second edition cover the environment and trade policy, strategic trade policy, and the relationship ... More

Keywords: environment, exchange rate, infant industry, international trade, protection, subsidies, tariffs, trade policy

Bibliographic Information

Print publication date: 1997 Print ISBN-13: 9780198775348
Published to Oxford Scholarship Online: November 2003 DOI:10.1093/0198775342.001.0001


Affiliations are at time of print publication.

W. Max. Corden, author
The Johns Hopkins University
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