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International Trade Theory and Policy: A Review of the Literature
SpletThe tradition of trade theory is primarily one of general‐equilibrium analysis, and by its very nature this requires researches to adopt very simple models of firms. Indeed, in competitive models with constant returns to scale, the firm has no real meaning and researches speak of ‘industries’, not firms. SpletStructuralist economics is an approach to economics that emphasizes the importance of taking into account structural features (typically) when undertaking economic analysis. The approach originated with the work of the Economic Commission for Latin America (ECLA or CEPAL) and is primarily associated with its director Raúl Prebisch and Brazilian … the north swindon club
Notes on Competitive Trade Theory - Columbia University
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