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Changing World Trade Environment and New Political Economics
trade policy
Author Jang-Hee Yoo Series 92-01 Language Korean Date 1992.09.02
The objective of this paper is four-fold. First, the characteristics of current international trade in the capitalist regime and their implications will be analyzed without resorting to the conventional comparative advantage or the factor endowment theory. Second, expected changes in the international capitalist market under the new world economic environment will be illustrated. Third, the implication of recent world economic developments such as economic integration, regionalism, formation of free trade areas, and economic cooperation among the industrial powers, like G-7, will be studied in light of the first two objectives. Finally, from the standpoint of these recent economic developments, we shed light on the kind of adjustments required for those countries whose economic developments have been engineered on the basis of the outward-looking economic growth model.
Contents
I. Introduction
II. Overview of Traditional Trade Theory
III. Problems in International Economic Order
IV. The New Political Economy of Protectionism
V. Emergence of a New System
VI. Concluding Remarks
References
I. Introduction
II. Overview of Traditional Trade Theory
III. Problems in International Economic Order
IV. The New Political Economy of Protectionism
V. Emergence of a New System
VI. Concluding Remarks
References
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