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Global Trade and Conflicting National Interests

Author

Listed:
  • Ralph E. Gomory
  • William J. Baumol

    (New York University)

Abstract

In this book Ralph Gomory and William Baumol adapt classical trade models to the modern world economy. Trade today is dominated by manufactured goods, rapidly moving technology, and huge firms that benefit from economies of scale. This is very different from the largely agricultural world in which the classical theories originated. Gomory and Baumol show that the new and significant conflicts resulting from international trade are inherent in modern economies. Today improvement in one country's productive capabilities is often attainable only at the expense of another country's general welfare. The authors describe why and when this is so and why, in a modern free-trade environment, a country might have a vital stake in the competitive strength of its industries.

Suggested Citation

  • Ralph E. Gomory & William J. Baumol, 2001. "Global Trade and Conflicting National Interests," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262072092, April.
    • Handle: RePEc:mtp:titles:0262072092
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    Citations

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    Cited by:

    1. Sarosh Kuruvilla & Aruna Ranganathan, 2008. "Economic Development Strategies and Macro-and Micro-Level Human Resource Policies: The Case of India's “Outsourcing†Industry," ILR Review, Cornell University, ILR School, vol. 62(1), pages 39-72, October.
    2. Freeman, Richard Barry, 2015. "Knowledge, Knowledge … Knowledge for My Economy," Scholarly Articles 33496270, Harvard University Department of Economics.
    3. Freeman, Richard B., 2015. "Knowledge, Knowledge… Knowledge for My Economy," KDI Journal of Economic Policy, Korea Development Institute (KDI), vol. 37(2), pages 1-21.
    4. Clair Brown & Julia Lane & Timothy Sturgeon, 2013. "Workers' Views of the Impact of Trade on Jobs," Industrial Relations: A Journal of Economy and Society, Wiley Blackwell, vol. 52(1), pages 1-21, January.
    5. Suma Athreye & Lucia Piscitello & Kenneth C. Shadlen, 2020. "Twenty-five years since TRIPS: Patent policy and international business," Journal of International Business Policy, Palgrave Macmillan, vol. 3(4), pages 315-328, December.
    6. Gomory, Ralph & Baumol, William J., 2009. "Globalization: Country and company interests in conflict," Journal of Policy Modeling, Elsevier, vol. 31(4), pages 540-555, July.
    7. Ron Hira, 2020. "Outsourcing: A Case of Shared Mental Models in Conflict," Kyklos, Wiley Blackwell, vol. 73(3), pages 410-435, August.
    8. Jagdish Bhagwati & Arvind Panagariya, 2004. "The Muddles over Outsourcing," Journal of Economic Perspectives, American Economic Association, vol. 18(4), pages 93-114, Fall.
    9. Anna Wziatek-Kubiak, 2006. "On Essence and Masurement of Changes in Competitiveness of the Accession Countries. Critical Review of Literature," CASE Network Studies and Analyses 0321, CASE-Center for Social and Economic Research.
    10. Barry, Frank & Walsh, Frank, 2008. "Gains and losses from sectoral relocation: A review of theory and empirics," Structural Change and Economic Dynamics, Elsevier, vol. 19(1), pages 4-16, March.

    More about this item

    Keywords

    global trade; classical theories; welfare; free trade;
    All these keywords.

    JEL classification:

    • F1 - International Economics - - Trade

    Statistics

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