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Essay On Trade In Goods And Factor Movements Under Increasing Returns To Scale., Brati Sankar Chakraborty Dr.

Doctoral Theses

The central issues that have engaged trade theorists from its inception can broadly be classified under three leads. First, to identify, what countries trade with each other, or what has come to be known as the question of pattern of trade. Second, the consequent gains that trade allows for. And the third, which is an immediate appendage to the second is to identify the redistribution of income due to trade.The first and the third, as is immediately evident, are issues in positive trade theory. The second is a normative issue, which evidently brings in questions of welfare change of the …